The world is undergoing a historic shift in the relationship between business and society. And so is the role of sustainability as a strategic corporate function.
Hear from Virginia Dundas, Head of Strategic Environment Programmes at Ørsted, the largest Danish energy company, about their journey with sustainability, and CBS professor Kristjan Jespersen's insight on how Danish and Northern Europe's firms deal with environmental, social, and governance factors (ESG). Kristjan primarily focused on the role of corporate boards.
There's a universal understanding that risks attributed to environmental, social and governance (ESG) indicators result in financial consequences and market downturns for companies unable to respond or engage in these critical measures.
With asset owners, asset managers, commercial banks and insurance companies applying ESG metrics universally, one stakeholder group remains unaware and inconsistently educated on these essential risks: corporate boards.
The session illustrates that boards have little ESG-related expertise pertaining to critical material issues related to the companies they serve and offers solutions for strengthening Danish boards.