TheCorporateCounsel.net

Across the pond, 54% of FTSE 100 companies now have voluntarily established a dedicated ESG committee, according to a recent Bloomberg article. Here’s what the article says about US practices:

Large US companies appear to be moving less quickly. An analysis for 2020-2021 showed that only 13% of S&P 500 companies assign responsibility to an ESG/sustainability committee, while 7% indicated that the full board has primary ESG responsibility, according to data compiled by Deloitte. Meanwhile, 53% of S&P 500 boards use the nominating and governance committee for primary oversight.

I’ve previously blogged about pros & cons of a dedicated ESG committee, and alternatives for oversight of human capital and other stakeholder issues.

For more resources, see our the memos in our “ESG” Practice Area here on TheCorporateCounsel.net and the even more comprehensive page – including checklists, surveys & more – about “Board Oversight of E&S Issues” that we have going on PracticalESG.com. If you’re not already a member with access to this guidance, sign up now and take advantage of our no-risk “100-Day Promise” – During the first 100 days as an activated member, you may cancel for any reason and receive a full refund.

– Liz Dunshee