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Non-executive directors can make climate neutrality a reality

Forbes
Subject(s)
Ethics and social responsibility; Finance, accounting and corporate governance
Keyword(s)
board of directors, codetermination, corporate governance, climate governance, climate change, sustainability
The codetermination principle – as seen in the German corporate governance system – provides a solid foundation for achieving climate and sustainability goals. The involvement of employees needs to be coupled with more diversification parameters used for appointing non-executive directors as well as building sustainability expertise and proper incentives for acting sustainably. The Climate Governance Initiative in Germany among others can help non-executive directors in becoming stronger and even more capable sustainability ambassadors within their companies.
ISSN (Print)
0015-6914