Firms in the UK are struggling with integrating ESG into strategy and operations, according to the latest article from Board Agenda®.
The report titled “Leadership in ESG Integration A study into UK board oversight, implementation and disclosure” here, can also be downloaded from Board Agenda and Mazars.
Filipe Morais from Henley Business School, said that while focusing on the ESG agenda could lead to frustrations, it was encouraging to see many companies now prepared to conduct challenging conversations.
“The variety of interpretations of what ESG means is leading to tensions building up in the boardroom, as directors struggle to generate a rationale that satisfies the multiple views of ESG, and as executives feel frustrated that boards are asking for trade-offs that look doable on paper, but face tremendous hurdles in practice,” Morais said. “These are good signals: they suggest boards and executives are having to think harder about how to create sustainable value.”
Filipe Morais from Henley Business School, said that while focusing on the ESG agenda could lead to frustrations, it was encouraging to see many companies now prepared to conduct challenging conversations.
“The variety of interpretations of what ESG means is leading to tensions building up in the boardroom, as directors struggle to generate a rationale that satisfies the multiple views of ESG, and as executives feel frustrated that boards are asking for trade-offs that look doable on paper, but face tremendous hurdles in practice,” Morais said. “These are good signals: they suggest boards and executives are having to think harder about how to create sustainable value.”
