Heidrick & Struggles: Changing the Climate in the Boardroom
The INSEAD Corporate Governance Centre and Heidrick & Struggles conducted a global survey of board directors.
The goal of the survey was to investigate how boards understand and are coping with the process of decarbonization and how far climate change has been integrated into their oversight responsibilities.
The following are some findings the board directors survey uncovered:
- Sixty-three percent said that their board has a very or entirely clear understanding of the strategic risks and opportunities presented to the company by climate change
- Nearly half, 46%, said their board has insufficient or no knowledge of climate change’s implications for financial performance.
- Seventy-four percent of respondents said that climate change is not at all or only slightly integrated into executive performance metrics
- Fifty percent said they are not yet very or entirely satisfied with their company’s reporting to the board on progress in addressing climate change issues