New Realities
The below issues are a reflection of what we regularly hear from our engagement with non-executive directors, chairs, senior executives, and other advisors.
Concerns vary by industry and by the specific role of the decision maker.
Do any of these sound familiar? We provide more context and reading recommendations for each item.
"Innovation is slowing"
Harvard Business Review
'Sustainability in the Boardroom' (2014) by Lynn S. Paine of the Harvard Business School
"Can’t find directors with relevant sustainability skills"
TSB Global Advisors
"Board does not have a baseline of sustainability knowledge"
The BCG-INSEAD Board ESG Pulse Check
"Investor frustration with lack of coherent sustainability governance"
"As a director, the risk of personal litigation is increasing"
Climate Governance Initiative
Climate Change Litigation: What Board Directors Need to Know
"Overwhelming advisor landscape for many different systemic issues"
World Economic Forum
"Board is not unified on all aspects of ESG oversight"
Harvard Law School Forum on Corporate Governance
"Rise of stakeholder challenges and dissidents"
"Inability to challenge management on sustainability strategy"
"Insufficient engagement with stakeholders"
WBCSD & Baker McKenzie
Board directors’ duties and ESG considerations in decision-making
"Stagnant or failing ESG operationalisation efforts"
TSB Webinar
"Competitors trade at a premium due to higher sustainability sentiment"
Harvard Business School
Harvard Business Review
'Sustainability in the Boardroom' (2014) by Lynn S. Paine of the Harvard Business School
TSB Global Advisors
The BCG-INSEAD Board ESG Pulse Check
Climate Governance Initiative
Climate Change Litigation: What Board Directors Need to Know
World Economic Forum
Harvard Law School Forum on Corporate Governance
Stanford Social Innovation Review
WBCSD & Baker McKenzie
Board directors’ duties and ESG considerations in decision-making
TSB Webinar
Harvard Business School