According to EY’s latest research, boards need to step up their role as a challenger in the face of cooling corporate commitment to sustainability.
Focusing on sustainability in today’s operating environment is clearly challenging, and there are worrying signs that company commitment to sustainability is cooling at a time when global warming is still unchecked.
If companies do not act quickly enough, policymakers are increasingly likely to intervene, implementing more stringent measures to manage the implications of resource scarcity and limiting companies’ potential for future innovation in the process.
A new EY research suggests boards need to respond by leaning in – emboldening management to embed sustainability as a business imperative and rationalizing investment decision-making so that capital allocations flow to projects that make a difference, boost financial performance, and deliver on their promises.
This edition of the EY Europe Long-Term Value and Corporate Governance Survey examines the role of governance in sustainable business model innovation.
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