How Boards can Steer Companies to “Build Back Better”
Jun 16, 2021 • 1 Min Read
Source:Photo by Krakenimages https://unsplash.com/photos/Y5bvRlcCx8k
We are traversing into an unforeseeable era of our time. Not a single one was left unaffected. At times like this, isn't it better to have a contingency plan? However, what's even better is building a more sustainable company. After all, prevention is always better than cure.
Business
Tags: Covid-19, Financial crisis, Building Functional Competencies
References:
- Global Carbon Project: Coronavirus causes ‘record fall’ in fossil-fuel emissions in 2020 (An article by Pierre Friedlingstein & colleagues https://www.carbonbrief.org/global-carbon-project-coronavirus-causes-record-fall-in-fossil-fuel-emissions-in-2020)
- 2020 on track to be one of three warmest years on record (An article by World Meteorological Organisation https://public.wmo.int/en/media/press-release/2020-track-be-one-of-three-warmest-years-record)
- UN Secretary-General: "Making Peace with Nature is the Defining Task of the 21st century" (An article by United Nations Climate Change https://unfccc.int/news/un-secretary-general-making-peace-with-nature-is-the-defining-task-of-the-21st-century)
- Sustainable corporate governance (A consultation by Europian Commision https://ec.europa.eu/info/law/better-regulation/have-your-say/initiatives/12548-Sustainable-corporate-governance/public-consultation_en)
- Responsible business initiative rejected at the ballot box (An article by Jessica Davis Plüss https://www.swissinfo.ch/eng/swiss-to-vote-on-holding-companies-accountable-for-supply-chain-abuses/46184500)
- UK joint regulator and government TCFD Taskforce: Interim Report and Roadmap (A research paper by HM Treasury https://www.gov.uk/government/publications/uk-joint-regulator-and-government-tcfd-taskforce-interim-report-and-roadmap)
- Boards and Sustainability: From Aspirations to Action (A book by N. Craig Smith & Ron Soonieus https://mbrjournal.com/wp-content/uploads/2020/11/19_Boards-and-Sustainability-From-Aspirations-to-Action.pdf)
- Sustainability and the Five Archetypes of Boardroom Behaviour (An article by N. Craig Smith & Ron Sonnieus https://knowledge.insead.edu/responsibility/sustainability-and-the-five-archetypes-of-boardroom-behaviour-11691)
- Securing a green recovery (An article by We Mean Business Coalition https://www.wemeanbusinesscoalition.org/build-back-better/)
- The COVID-19 Investor Pulse Check Series (An article by Jeff Kotzen, Hady Farag, Callan Sainsbury, Tim Nolan, julien Ghesquieres, Gregory Rice & Eric Olsen https://www.bcg.com/publications/2020/covid-investor-pulse-survey/overview)
- Is sustainability undergoing a pandemic pause? (An article by Joel Makower https://www.greenbiz.com/article/sustainability-undergoing-pandemic-pause)
- Bill Gates Predcited the Pandemic. Here's When He Thinks It Will End, and What It Means for Your Business (An article by Jason Aten https://www.inc.com/jason-aten/bill-gates-predicted-pandemic-heres-when-he-thinks-it-will-end-what-it-means-for-your-business.html)
- Take Action for the Sustainable Development Goals (An article by United Nations https://www.un.org/sustainabledevelopment/sustainable-development-goals/)
- How Board Members Really Feel About ESG, from Deniers to True Believer (An article by N. Craig Smith & Ron Soonieus https://hbr.org/2019/04/how-board-members-really-feel-about-esg-from-deniers-to-true-believers)
N. Craig Smith is the INSEAD Chair in Ethics and Social Responsibility, director of ESRI (the INSEAD Ethics and Social Responsibility Initiative, a part of the Hoffmann Global Institute for Business and Society), programme director of the INSEAD Healthcare Compliance Implementation Leadership Programme and a specialist professor at the INSEAD Corporate Governance Centre. He is also a member of the Scientific Committee of social responsibility rating agency Vigeo Eiris. His latest book (with Gilbert Lenssen) is Managing the Sustainable Business.