Board directors ‘lack specific sustainability knowledge’
The latest Sustainability Board Report highlights a lack of sustainability knowledge among directors, with experts warning of potential litigation risk.
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The climate crisis means companies must become sustainable, but are their boardrooms up to the job? New research suggests many are not.
The Sustainability Board Report (SBR), a think tank, has looked at the 100 largest companies in the Fortune 2000 and found an increase in the number of board sustainability committees and a small rise in the number of directors with “sustainability credentials”.
Looking at the 275 directors on sustainability committees across the 100 companies, SBR found that just 48 have “explicit” sustainability expertise. SBR points out that’s just 17% and an increase of only two percentage points on 2019.
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