Environmental, Social & Governance (ESG) - 3 Part Series sponsored by UBS Investment Bank
Environmental, Social & Governance (ESG) issues have become some of the biggest challenges in the 21st century that boards face today. In this 3 part series, we will explore a wide range of ESG issues that stakeholders are expecting from companies from long term profits and sustainability; boards must have the insight, foresight & oversight to ask the right questions of management on complex issues on climate change, ESG, cybersecurity, AI ethics, modern slavery, supply-chain disruptions. While ESG issues can create business risks, they can also create opportunities for innovation, new product and service offerings, new market opportunities, new and cheaper sources of capital, and enhanced competitive advantage and business resiliency.
Focus on the "E" of ESG - Part 1
Creating a healthier, sustainable planet requires collective action by individuals, governments and organizations. Moving from realization into action and accountability for action or inaction involves oversight, Insight & foresight by the board. The climate crisis accelerates with significant short and long-term impacts-"greenwashing" is not acceptable. Investors and securities regulators provide guidance, and governments in some countries propose making climate reporting mandatory. Today, the focus is on Integrating environmental initiatives into the core of business strategy, accurately assessing the real-life impact of these initiatives, significantly as rating agencies vary in ESG scoring and linking them to corporate value and cheaper capital. What is the Board's role in ensuring companies manage these dynamics and thrive?