Ceres publishes new corporate governance report based on Vigeo Eiris data
Systems Rule, the second report by Ceres using data provided by Vigeo Eiris, examines the integration of sustainability and social responsibility factors in corporate governance. The study was based on Vigeo Eiris' methodology and findings, covering 475 of the Forbes Global 2000.
The report analyzes how boards of the world’s largest companies oversee sustainability. Specifically, it examined board systems that have been a particular focus of the investor community, including whether corporate boards have a formal mandate to oversee sustainability, whether they have recruited directors with sustainability expertise, and whether they have linked executive compensation to sustainability priorities.
• Ceres’ new Report Systems Rule evaluated the board governance systems of the world’s largest public companies and found that companies with robust (strong and effective) systems for board sustainability oversight are better positioned for sustainability performance, having established sustainability related goals.
• Systems Rule also finds that whilst the majority of large global companies are overseeing sustainability, boards systems are largely piecemeal. The best performing companies however are those who do not approach board sustainability governance in an piecemeal manner, but in fact have integrated all systems of board governance.
• Systems Rule also builds on Ceres thought leadership about governance systems and confirms their theory of change that effective systems of board governance lead to environmental and social performance impacts.
To read the complete report: Ceres’ new Report Systems Rule
More information can be found at: www.ceres.org/turningpoint
Ceres is a sustainability nonprofit organization working with the most influential investors and companies to build leadership and drive solutions throughout the economy. Through its networks and advocacy, Ceres tackles the world’s biggest sustainability challenges, including climate change, water scarcity and pollution, and human rights abuses.
ESG, Governance, North America