CGIUKI thought leadership: Governing sustainability: Are sustainability committees the answer?

Governance professionals need to leverage their position to make sure organisations steer a wise course when it comes to climate-related initiatives.

Diligent Institute set out to understand why environmental sustainability issues are elevated to the board level.

An innovative approach to good governance of their regenerative tourism destination along Saudi Arabia’s west coast led to The Red Sea Development Project winning the 2021 CGIUKI ESG Initiative of the Year Award.

Combining a virtuous circle with a circular economy approach could potentially be beneficial for the organisation, its stakeholders, shareholders and the environment. It may also be one way of approaching the broader ESG agenda.

Improved ESG (Environmental, social and corporate governance) has been seen as a positive response to the crisis and as a means by which we can drive change in businesses for good.

How has the AGM and financial report landscape fared in 2022? What lessons can be carried forward into 2023? What topics are going to be the key drivers of conversations at next year’s AGMs? Are companies doing enough on ESG and executive pay reporting?

With increasing importance placed on boards embedding ESG considerations in their decision-making and operations, stakeholder capitalism has become something of a buzzword du jour. It is intrinsically linked to sustainability as it is grounded in the view that giving consideration to wider interests, perspectives and impacts leads to long-term value creation.