About the Report:
Today, many of the world’s largest companies are starting to integrate sustainability into their board governance systems, but too often board systems are still rudimentary and do not focus on material issues. In many cases, board governance for sustainability does not drive performance. In other words, it is ineffective.
However, companies with the right board governance systems, including formal board mandates for sustainability, board expertise on sustainability, and executive compensation linked to sustainability, are more likely to have established strong sustainability commitments and are better positioned to deliver sustainability performance.
These are some of the main findings of this report, based on our research on 475 of the world's largest companies of the Forbes Global 2000. Through an analysis of board governance practices and performance data, we examined the extent to which the largest companies in the world had implemented these three key board governance systems for sustainability and if they did so, the impact that it had.
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Published by
Ceres
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Tags : Board, Governance, Performance, Sustainability, Directors, Executive pay.