Forética: Towards New ESG Governance - Sustainable Boards of Directors

At the peak of the Covid-19 emergency, our Spanish National Partner Organisation, Forética, published the report ‘Towards the New ESG Governance: Sustainable Boards of Directors’, focused on putting sustainability at the heart of the organization; not only at management level, but also at board level.

More than anything, the ongoing health crisis has shown the importance of companies’ management of non-financial aspects. According to Forética’s study, companies with strong sustainability and ESG integration fared better than their traditional counterparts.

“The markets have awakened to a new reality. Crises now tend to be global and severe, as COVID-19 has shown. The systemic nature of the latter has shown the importance of managing non-financial aspects, in which seven of the 10 most significant risks are environmental or social. Given this scenario, the governance model of companies is being reviewed from various angles”, says Germán Granda, General Director of Forética. READ MORE

The COVID-19 pandemic has abruptly highlighted the value of companies’ Social practices. As employees’ health and safety became a sudden priority, ESG governance has become increasingly important.

In the post-pandemic world, companies will be expected to demonstrate their contribution to society. For this reason, CSR Europe encourages companies, and especially their CEOs and Chief Financial Officers (CFOs), to adopt a ‘Total Impact Disclosure’ approach to enhance social, environmental, climate disclosure through a materiality assessment involving relevant stakeholders. In doing so, companies and investors will set the stage for sustainable investments. Find out more here.