Governance for Sustainability

The video discusses the importance of board oversight and management accountability in corporate sustainability. It highlights the challenges companies face in integrating sustainability into board governance and the lack of direct ownership by boards. The video also emphasizes the need for expertise in sustainability issues and the reliance on outside counsel. It concludes by showcasing companies like Intel, Northern Trust, and Prudential Financial as leaders in sustainability governance, demonstrating effective integration of sustainability expertise into their board structures.

What is a major challenge companies face when trying to integrate sustainability into board governance?

• Lack of interest from employees

• Difficulty in measuring sustainability outcomes

• Resistance from board members

• Insufficient financial resources

What percentage of companies have board committees with sustainability expertise?

• 90%

• 50%

• 32%

• 5%

How do most board committees at the Fortune 500 level obtain sustainability expertise?

• By recruiting sustainability experts

• By consulting with government agencies

• By hiring outside counsel

• Through internal training programs

Which company has a board committee responsible for corporate social responsibility and sustainability since 2003?

• Intel

• Apple

• Northern Trust

• Prudential Financial

What is a core criterion for board member selection at Prudential Financial?

• Legal background

• Marketing experience

• Sustainability expertise

• Financial expertise