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Study: Corporate Oversight Lacking on Sustainability Programs

Fragmented efforts, little standardization, and benchmarking under increasing focus by shareholder activism.

The Conference Board

The Conference Board

Thu, 06/10/2010 - 11:32
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(The Conference Board: New York) -- Although many companies lack the structural framework to enable proper director oversight of sustainability programs, they rarely consult outside expertise, according to a report released by The Conference Board. The report, “Sustainability in the Boardroom,” reveals flaws in how corporate boards oversee their companies’ social and environmental initiatives. Based on a survey of corporate secretaries at 50 U.S. organizations, the research indicates that access to independent sources of information about the effect of business operations on the environment is often unavailable, as are detailed procedures and metrics for integrating social objectives into daily corporate activities.

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