Global Media Giant Transforms ESG Compliance Processes with Protiviti

A leading global enterprise in the media sector partnered with Protiviti to navigate the complexities of evolving EU taxonomy regulations. Facing significant challenges in regulatory compliance and sustainability reporting, the company needed a strategic collaborator to ensure alignment with new requirements and to reinforce its commitment to responsible business practices.

Strategic solutions for regulatory alignment

Protiviti’s work focused on bridging compliance gaps and strengthening the client’s sustainability initiatives. Our team conducted a comprehensive eligibility analysis, confirming continuity in eligible objectives from a recent fiscal year and ensuring a smooth transition into future reporting cycles. This proactive approach eliminated potential disruptions and supported consistent, reliable disclosures.

To further enhance transparency, we carried out a detailed variance analysis between the last two years’ results, providing clear, high-level explanations for inclusion in the client’s annual report. These insights were instrumental in bolstering the company’s accountability to stakeholders and regulators.

Strengthening risk and control frameworks

A cornerstone of the project was the development and implementation of a robust risk and control matrix (RCM). Protiviti introduced over 30 new controls, significantly enhancing the client’s risk management framework. This initiative fortified internal controls, reduced exposure to compliance risks, and established a more secure operating environment.

We also:

• Updated control descriptions and procedures.
• Drafted scoping documents.
• Coordinated operational, compliance, and control group activities across different entities.

This ongoing partnership ensured that emerging compliance needs were promptly addressed, and best practices were continuously integrated into business operations.

Measurable outcomes and business impact

The results of this collaboration were substantial:

• Over 30 new controls were implemented, strengthening risk management and compliance.
• Seamless integration of EU taxonomy requirements into annual reporting.
• Enhanced transparency through detailed variance analysis and improved annual report disclosures.
• Ongoing internal audit collaboration, supporting continuous improvement and rapid response to regulatory changes.

These achievements not only elevated the client’s compliance posture but also increased stakeholder confidence and positioned the company as an industry leader in sustainability and responsible governance.