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20.500.12592/f8xgv1

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30 Mar 2023

First, expect the focus of sustainability efforts to shift. We expect a shift, but not a decrease, in focus on sustainability programs. Companies will be taking (yet another) fresh look at their supply chains, with an emphasis on both resilience and responsibility. Some European firms may supplement their energy needs with a greater share of fossil-fuels, likely slowing progress related to climate. [...] Second, ensure there is C-suite alignment on the impact. CEOs around the globe ranked sustainability seventh (out of 10) as an internal issue to focus on in 2022, but the sense of urgency in the C-suite ranges from human capital leaders, who rank it third to CFOs, who rank it tenth. (2) Given the impact that the Ukraine invasion will have on economic issues from supply chain resilience to energy s. [...] 1                     www.conferenceboard.org Third, recognize that the elements of a robust sustainability program can help during a crisis. The hallmarks of a strong sustainability program include a defined corporate purpose and a clear understanding of which issues truly matter to a company’s and its stakeholders’ long-term welfare, which can provide guardrails for . [...]   AUTHORS Paul Washington Thomas Singer Executive Director, Former Principal Environmental, Social Researcher & Governance Center The Conference Board  The Conference Board    THE CONFERENCE BOARD is the member-driven think tank that delivers Trusted Insights for What's AheadTM. Founded in 1916, we are a nonpartisan, not-for-profit entity 2                     www.conferenceboard.org . [...] www.conferenceboard.org 3                     www.conferenceboard.org .
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United States of America