Diligent Institute Releases Report Analyzing ESG Oversight Practices

On February 6, 2019, the Diligent Institute released a report analyzing how directors and boards globally are engaging with environmental sustainability issues. While the report found that board-level discussions of environmental sustainability issues have become increasingly common, 48% of those surveyed stated that their boards still do not have established governance policies or practices related to these issues (such as a policy linking executive compensation to sustainability performance metrics). The report also found little unanimity on structural best practices for ESG oversight, but noted that formal ESG oversight was most commonly delegated to a board committee. The full report is available here.