Integrate into governance: incorporate fundamental considerations of environmental and social factors into the governance of the organisation.
To what extent do you incorporate fundamental considerations of environmental and social factors into the governance of the organisation?
There is growing pressure among companies to link social and environmental limits to corporate strategy and goal-setting. However, the result is often a lengthy document that fails to make strategic connections between specific issues and their implications on business decision-making. We developed this guidebook to help you articulate a concise and transparent board level position on key environmental, social, and governance issues. Drawing upon in-depth analyses of over 3000 board position statements; over 300 interviews with CEOs, directors, and board chairs; and concepts outlined in our series on the Road to Context, this guidebook provides a checklist for crafting a contextual board position statement and includes examples from a range of industries and global settings.
There is growing pressure among companies to link social and environmental limits to corporate strategy and goal-setting, and for the issue of climate change in particular. However, the result is often a lengthy document that fails to make strategic connections between specific issues and their implications on business decision-making. We developed this guidebook to help you articulate a concise and transparent board level position on climate change. Drawing upon in-depth analyses of over 1,200 board position statements; over 300 interviews with CEOs, directors, and board chairs; and concepts outlined in our series on the Road to Context, this guidebook provides a checklist for crafting a contextual board position statement on the issue of climate change and includes examples from a range of industries and global settings.
This resource offers short explanations of sustainability in the context of board oversight, management accountability, executive compensation, corporate policies and management systems, and public policy. This is part of The CERES Roadmap for Sustainability.
This article explores flaws in how corporate boards oversee sustainability initiatives, and takes a look at how the role of the corporate responsibility committee at Nike has evolved over time, from firefighting on individual issues to playing an integral role in the company’s innovation efforts. Written by Jill Ker Conway, a board member at Nike for over twenty years, this article highlights the value of board-level corporate responsibility committees that engage the board on labour, health, and environmental issues, as well as other emerging concerns that were not being raised to the attention of key leadership personnel.
This report offers insight into the debate around whether or not fiduciary duty is a legitimate barrier to investors integrating sustainability into their investment processes. It was produced by Principles for Responsible Investing in collaboration with UNEP and the UN Global Compact. The report is based on interviews with over fifty investors, policy makers, lawyers, and regulators.
21st Century Engagement: Investor Strategies for Incorporating ESG Considerations into Corporate Interactions
This guide from Ceres and Black Rock aims to empower investors who are engaging companies on sustainability issues. It explores different tactics (such as shareholder proposals and proxy votes) and outlines methods for asking the 'right' questions. It also includes sample questions investors can ask companies to better understand their approach to sustainability.
This brief is a good primer on climate change for directors. It offers 20 questions they can ask management about how they are adapting to and mitigating the impacts of climate change. Part of Chartered Accountants of Canada’s 20 Questions Series, it includes specific questions related to risk, strategy, financial performance, external reporting systems, and controls and governance.
The Sustainable Board Roadmap is a tool for boards, management, and other governance professionals and teams to assess and benchmark the board’s ESG / sustainability governance practices. The Sustainable Board Roadmap includes 39 practices for board members, and consists of evaluation questions and a ranking system that allow for a gap assessment of leading practices on ESG oversight by boards. This tool will help improve awareness of emerging trends on sustainability issues, and will help identify which practices are most relevant for your organisation.
This report from WBCSD maps the current internationl landscape of corporate governance, and examines the board’s role in creating long-term sustainable value. The report takes both a country-specific and company-specific focus, and pays particular attention to how environmental- and social-related risks and opportunities affect the corporate governance process. This report can help you to define corporate governance; promote effective corporate governance practices; understand the current business and regulatory environment around corporate governance; and to integrate sustainability into governance in your organization.
Investors, regulators, and other stakeholders are challenging companies to demonstrate an integrated strategic approach to addressing climate-change risks and opportunities. However, boards need to be equipped with the right tools to make the best possible decisions for the long-term resilience of their organisations and to provide effective governance around climate risks and opportunities.
In response, this paper from the World Economic Forum and PwC proposes tools that support boards to navigate climate risks and opportunities. The principles herein are designed to increase directors’ climate awareness, embed climate issues into board structures and processes, and improve identification and navigation of climate-related risks and opportunities for business. This work contributes to the WEF’s Compact for responsive and responsible leadership, and provides a compass for enabling effective climate governance.
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