October 26, 2021

Business & Finance News: ESG awareness is growing among corporate directors: PwC survey

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https://ca.finance.yahoo.com/news/esg-awareness-is-growing-corporate-america-115456495.html

ESG awareness is growing among corporate directors: PwC survey

2021-10-25 11:54:56, Grace O'Donnell, Business & Finance News

Content Categorization
/Finance/Investing

Word Count:
871

Words/Sentence:
21

Reading Time:
8.71 min

Reading Quality:
Advanced

Readability:
16th or higher

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In addition to the increased integration of ESG factors into company strategy, 62% of directors said that ESG was a part of their companies' risk management discussions, and 54% said that ESG was linked to company performance.

According to a recent PwC survey of 851 directors, 64% of corporate directors say ESG is tied to company strategy, up 15% from 2020.

REUTERS/Andrew KellyBut although corporate directors showed lackluster support for mandatory disclosures of ESG indicators overall, nearly two-thirds (64%) of corporate directors said they did support mandatory disclosure of board diversity metrics.

While the growing awareness of ESG factors among publicly traded companies is encouraging, "directors recognize that they personally need to do more to better understand how the company is going to drive ESG type goals, including diversity," Maria Moats, Governance Insight Center leader at PwC, said on Yahoo Finance Live (video above).

ESG matters topped the list of issues that shareholders raised when engaging directly with corporate directors, and an increasing number of ESG-focused proposals were introduced this year."

Keywords
corporate directors, Corporate directors, ESG, diversity and inclusion, company strategy, Board diversity, Moats, PwC, ESG factors, company performance

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