According to a new report released today by Spencer Stuart, and Diligent, 71 percent of company boards are taking into consideration ESG (environmental, social and governance) objectives and goals into their overall strategy, with 85 percent working proactively to increase the smoothness on ESG working.
The report titled 'Sustainability in the Spotlight: Board ESG Oversight and Strategy' talks about how 600 global board directors are addressing ESG and structuring oversight to help their companies tackle the challenges and opportunities that affect their success. The survey indicates that 43 percent are keeping a hawk's eye of ESG at the full senior-most, board level. 30 percent keep a track of ESG developments within the nominating and governance committee of the company and 15 percent within the specially constituted committee for ESG/Sustainability, these trends indicate that they are likely to become a common element of the board committee structure.
Some of the top findings of the report include: