Responsible Boards : Action Plan for a Sustainable Future
As external pressures - including resource scarcity, globalization, and access to information - continue to increase, the way corporations respond to sustainability challenges will determine their long-term viability and competitiveness. In this pa...
| Main Author: | |
|---|---|
| Format: | Brief |
| Language: | English en_US |
| Published: |
International Finance Corporation, Washington, DC
2015
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2015/02/24225042/responsible-boards-action-plan-sustainable-future http://hdl.handle.net/10986/21700 |
| Summary: | As external pressures - including
resource scarcity, globalization, and access to information
- continue to increase, the way corporations respond to
sustainability challenges will determine their long-term
viability and competitiveness. In this paper, the author
traces the development of a corporation s attitude toward
sustainability from its being an add - on that is nice to
have and may enhance corporate reputation, through an
approach that sees it more as a tool of risk management, to
considering it a builder of value not just for the
corporation but for all its stakeholders as well. The paper
focuses on the essential role of the corporate board,
bringing very practical guidelines to stimulate and assist
any board of a corporation embarking on the journey toward
greater sustainability and value creation. The paper
concludes with a detailed and invaluable checklist of
questions for any board to ask itself. This list helps a
board build assurance that it is on the right track. It is
as useful to a company just starting on the journey as it
will be to those companies already well advanced in creating
sustainable shared value and that want to make sure one is
not missing any opportunities. |
|---|