Company boards are under increasing pressure to address material Environmental, Social, and Governance (ESG) challenges, particularly around decarbonising their operations.

With the process of decarbonising a business such a complex and multifaceted challenge that requires strategic leadership and commitment from company boards, how can they develop comprehensive strategies that align with their ESG goals and drive long-term value creation?

In this article, A&M explores the key challenges that are preventing boards from effectively leveraging ESG initiatives, and discusses how these can be overcome.

Main Challenges That Boards Face

• Ensuring commerciality and compliance work together to add value
• Ensuring pragmatism triumphs over perfection, by using data collection and analysis to understand the full scope of their carbon footprint and focus on what matters the most
• Innovation in acquiring carbon as an asset class whilst reducing the risks associated with decarbonising a global economy
• Coming to terms with the degree of control they can exercise when effecting change and setting strategy

By understanding the challenges and barriers to effective decarbonisation, boards can take meaningful action to develop comprehensive strategies that align with their ESG goals and drive long-term value creation. 

Read the full article here