Board directors and chairpersons are accustomed to navigating a changing and challenging landscape; from the global pandemic to geopolitics, from humanitarian crises to the climate crisis, and from the rise of tech to the Great Resignation, the role of boards in setting long-term strategic direction has perhaps never been more important.
When it comes to fighting climate change, the tides are literally rising, and time is running out. Identifying areas of maximum impact and applying effective governance is critical to preparing organizations to respond with the requisite urgency, and to seize the opportunities that exist in the global system transition that lies ahead. Business leaders must advocate to act now and steer their organizations toward a more sustainable future.
With a topic as complex as climate, a key challenge can be understanding where to focus efforts for greatest impact and which actions will result in long-term enterprise value. From a business perspective, boards of directors are particularly well-positioned to help their organizations break through the clutter and understand where they can be agents of change. To do so effectively, boards need to be prepared to ask the hard questions, and weigh the many climate-related risks and opportunities associated with sustainable investment. Read more…
