Companies adopt more socially and ecologically sustainable practices when the board includes women and environmental experts and when younger members are elected to the board on a regular basis. Such are the initial findings of a big-data study focusing on publicly traded European companies, conducted by the leadership consulting firm Egon Zehnder in cooperation with the University of Göttingen. Nina Schmarander and Carsten Wundrack from Egon Zehnder together with Professor Michael Wolff from the University of Göttingen discuss the study in this Egon Zehnder Snapshot.
In the quest for a more sustainable world, Environmental, Social, and Corporate Governance (ESG) principles continue to be a force for change. But experts in
the space warn that success will only be realized when participants focus on G – governance. Without governance from the business sector, no environmental
or social goals will be met.
BERLIN / GÖTTINGEN – March 23, 2021 – Companies adopt more socially and ecologically sustainable practices when the board includes women and environmental experts and when younger members are elected to the board on a regular basis.
As CEOs lead us through complexity into a better future, they must maintain strong values—recognizing their responsibility to use unwavering humanity as their compass when making decisions or changing paths.
For all of the urgency around economic, social, and governance issues, actions around the globe are uneven and slow moving. Before the coronavirus struck, Egon Zehnder spoke with Benet Northcote, former GreenPeace UK Chief Policy Officer and Director of Corporate Responsibility at the John Lewis Partnership, about the biggest challenges sustainability leaders face, how they are helping organizations make progress, and what key characteristics sustainability leaders need to be successful in transforming their companies—and the world.
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