Whitepaper
31.10.2023
5.2.2024

Board members' roles in ESG

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The past decade has seen sustainability become a top priority for corporate leaders around the world. Environmental, social, and governance (ESG) performance has grown in relevance and importance to all stakeholders, including investors, customers and regulators, and they are increasingly calling for greater transparency around companies’ handling of ESG risks and opportunities. As a result of the increased scrutiny that companies are facing, ESG has risen onto the agenda for board members at many firms, public and private.

But how can board members ensure non-financial data is being collected appropriately and accurately? How can they ensure that the company's ESG priorities are being effectively worked on? How can they ensure varied stakeholder concerns are addressed as well as communicated? These questions all affect the board’s ability to provide effective governance of ESG issues.

This whitepaper outlines five questions for board members to consider when planning their ESG coverage. It also details the risks and opportunities that may arise out of addressing these questions, as well as some“low hanging fruit” solutions to get ESG strategies started.

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