A new study by Deloitte polled 220 board directors at U.S. companies with revenues of $1 billion or more. Most considered themselves to be well-informed about corporate sustainability. However, only half think their companies practice sustainability, and less than half think their board is committed of addressing sustainability issues.
Deloitte also published a whitepaper titled, The Responsible and Sustainable Board with recommendations for getting the board involved in sustainability, which include:
- Get consensus: Schedule a forum for the board to talk about sustainability issues.
- Ask the right questions of management.
- Examine your environmental and social impact
- Set the tone at the top
- Establish sustainability commitments and goals
- Create a sustainability committee that will coordinate efforts
- Include sutainability metrics in CEO compensation
- Monitor sustainability performance with progress reports
- Include sustainability in new director orientation.