Like Enterprise Risk Management (ERM), Sustainability needs to be embedded within the corporate DNA. While Regulators actively involved, investors are beginning to score and value corporates differently. Both requiring stakeholder priorities to be routinely updated, develop ESG methodologies, establish performance monitoring systems, able to radically change disclosures formats. This radical change needs active Board Director involvement in strategy making and in committee work – including Governance/ESG, Early Risk Detection and Audit Committees.
In the context of evolving regulations and enhanced scrutiny from investors and stakeholders, we organized a joint webinar with IFC Nominee Director Support Center where the following issues were discussed:
-The evolving role of the board
-The growing importance of the Sustainability Officer
-IFC’s approach and expectations as an investor.