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Category: 100 largest publicly listed companies

Rank

Business Name

Country

Score

1

Microsoft

United States

74.0%

2

GlaxoSmithKline

United Kingdom

72.2%

3

BNP Paribas

France

68.9%

4

Goldman Sachs Group

United States

67.4%

5

Sanofi

France

65.4%

6

Reliance Industries

India

65.1%

7

Unilever

United Kingdom

64.9%

8

Enel

Italy

64.4%

9

AXA Group

France

62.2%

10

Rio Tinto

Australia

61.8%

10

Companies

6

Industries

Financials (3)

Health Care (2)

Infrastructure (2)

Technology & Communications

Consumer Goods

Extractives & Minerals Processing

6

Countries

France (3)

United States (2)

United Kingdom (2)

India

Italy

Australia

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France

Highest representation of businesses

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Launch Event & Panel Discussion

We need more future ready boards- An independent director and chair perspective on ESG preparedness

In this launch event, we will provide a closer look at our approach to ranking and scoring, and share some best practice (15 min).
 

This will be followed by a panel discussion between 4 influential independent directors and educators, to discuss ways to implement more sustainability consciousness and competence in the boardroom (45 minutes).

Due to the developing situation in Eastern Europe, we have decided to cancel the "Most Future Ready Boards' launch event to allow our panelists and team to focus on the wellbeing of their people and organisations.

We will announce a potential new date in due course.

Many thanks for your understanding.

Speakers

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Dr. Pamela Ravasio (Moderator)
Advisor to Executive Management & Board of Directors, Keynote Speaker, Author, INED @ Shirahime, Polygiene, INSEAD IDN

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Frederik Otto (Host)
Founder & Business Advisor @ The Sustainability Board Report

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Sonia Tatar
Executive Director @ INSEAD Corporate Governance Centre and INSEAD Wendel International Centre for Family Enterprise

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Jeannette Lichner
Non-Executive Director, Senior Advisor and Executive Coach @ Financial Conduct Authority, Elucidate, Cambridge Institute for Sustainability Leadership (CISL)

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Patricia Rodrigues Jenner
Non-Executive Director, Investment and ESG Specialist @ Legal & General Assurance Society Ltd, AERIF plc, GLIL Infrastructure and African Infrastructure Investment Manager

Synopsis

The purpose of TSBR is to showcase different dimensions of sustainable business leadership and corporate governance.

 

We have created the ‘World’s Most Future Ready Board’ ranking to highlight ESG-prepared boards of directors (BoD) that are resilient and able to respond to material sustainability issues. Businesses that have not yet achieved this level of good corporate governance can use the Top 10 as role models to prepare for the future. We provide a detailed view of each company and what drives their scores.

 

No board is the same, nor should they copy one another. We do believe, however, that this ranking

will inspire and motivate others to draw out valuable best practice and improve. As pointed out in our annual report, ESG preparedness, which is the foundation of a future ready board, also has implications for business strategy and stakeholder engagement.

 

Our rating approach uses a set of proprietary data points and has been reviewed by a panel of independent experts comprising of Non-Executive Directors (NEDs), corporate governance advisors and business educators.

 

The ranking is based on the largest 100 companies of the Forbes 2000 list and draws on the TSBR annual report.

‘Future Ready Score’ Ranking Distribution

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The 100 largest publicly listed companies as per the Forbes 2000 list have an overweight on American and Chinese companies. The total composition of the sample is: 42 North America (US & Canada), 34 Asia (China, Hong Kong, Japan), 17 Europe, 4 United Kingdom, 3 Australia

Methodology

1

Materiality disclosure quality in corporate governance policy

 

Matches the company’s sustainability issues stipulated in the relevant committee charter or other corporate governance policy against the business de facto materiality as per Sustainability Accounting Standards Board (SASB).

 

Weight: 20%

ESG Dimension: Governance

3

Relevant director’s ESG consciousness/competence

 

Assessment of all directors’ ESG consciousness and/or competence on a relevant committee. The assessment follows the TSBR checklist that can be found here.

 

Weight: 30%

ESG Dimension: Governance

2

Sustainability/Integrated report BoD sign off

 

Confirms whether the BoD or chair has signed off the company’s sustainability or integrated report. If the board chair has a CEO double role, the board or relevant committee must be involved in the report review.

 

Weight 10%

ESG Dimension: Governance

4

BoD’s gender diversity

 

Our research shows that there is a strong correlation between directors’ sustainability consciousness, competence and gender diversity. Hence, this is a significant data point for our ranking approach whilst addressing the social dimension.

 

Weight: 20%

ESG Dimension: Social

5

Net Zero commitment

Comprises the target year of net zero commitment as well as a multiplier for disclosed milestones leading up to the target date

 

Weight: 20%

ESG Dimension: Environmental

Resources

Top 10 Bulletin

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'Future Ready Score' Model

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Photo Credits: All background imagery from Hugo Sousa. Pictured is the Champalimaud Foundation, Lisboa, Portugal