There is mounting pressure for organisations to actively integrate environmental, social and governance (ESG) issues into their organisation strategy. Board of Directors across nearly every industry are expected to be competent in navigating the headwinds of ESG. Yet many companies’ board and executive leaders are still unsure on how to approach ESG and manage the communications with their stakeholders.
The world is changing. ESG is no longer a buzzword and has become mainstream. However, the need now is to ensure that the board of directors of an organisation – the very echelon of power that steers the strategy of an organisation – is ready to face the oversight challenges of ESG.
ESG has moved into the mainstream with significant urgency in recent years. However, the alphabet soup of acronyms, GRI, SASB, CDSB, IIRC, TCFD to name a few, in sustainability initiatives and options puts a damper in socialising its very need. This in turn leads to confusion while intimidating and overwhelming anyone wanting to grasp the basics.
