A report from Glass Lewis has found that while corporate governance measures are addressing climate change, companies vary in how they are tackling the issue.
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The Extinction Rebellion protests in London have thrown a spotlight on climate change. The demonstration at the London Stock Exchange, in which campaigners glued themselves to the building, served as a blunt metaphor for the close connection between business and the environment.
But while the protestors claim business and government is doing too little, governance measures are addressing the issue, even if the impact may be unsatisfactory to campaign groups. Indeed, a review by proxy advisors Glass Lewis —written for the Harvard Law School forum on corporate governance—concludes that Europe has keenly taken to adopting environment and
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UK prime minister Theresa May has criticised the decision to remove Uber's licence to trade in London for corporate responsibility reasons, while on the same day calling for the highest standards of governance.
The UK’s Financial Reporting Council has published proposals for a streamlined governance code, while research from Mazars, in association with ecoDa, finds compliance with the existing framework to be variable.