Boards Lack ESG Experience Necessary for Addressing Material Issues

Board Lacking
Of 1188 Fortune 100 board directors, only 29% were found to have relevant ESG credentials, according to ​​CSB Director Tensie Whelan's research, U.S. Corporate Boards Suffer from Inadequate Expertise in Financially Material ESG Matters.

This research was featured in The Hill's article, "Widespread 'Competence Freenwashing' Threatens to Derail Progress in Sustainable Finance," highlighting that in order to effectively integrate sustainbility across functions, businesses need to hire the right talent whose experiences and skillsets align with their companies' material ESG issues.

Excerpt: "There is a lack of ESG credentials on boards, and the SEC and others have pointed to a lack of ESG credentials amongst staff who are theoretically delivering ESG programs."

Read the full article here.