“Every company running a serious internal audit program has two sets of findings: what the audit team documents internally, and what the organization communicates externally. In most operating areas, those two records are close enough that the gap doesn’t become a problem. In environmental compliance, they’re diverging — and enforcement agencies have started to notice.”

[COMMENTARY] This could be an issue for investors! How do we know that what is being reported is really the whole story?
Internal Audit Gap Grows in ESG Disclosures, by Marybeth Collins, April 13, 2026, E+E Leader, USA.