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Respondents from two different surveys—one comprising general
counsel, corporate secretaries, and investor relations executives at more
than 230 US public companies, the other comprising more than 40
sustainability executives in the US—have very different opinions on the impact
that COVID-19 will have on corporate sustainability programs (defined as
initiatives designed to promote the long-term welfare of the company,
multiple stakeholders, society at large, and the environment). Three out of
10 sustainability executives expect the current health crisis to increase
emphasis on their environmental and social efforts—but only 1 in 10 of their
fellow governance executives agree.
There may be a number of drivers here: executives may have divergent views of the meaning of the term “sustainability”; they may also have different views of their own company’s sustainability programs, and they may have different takes on the breadth and depth of COVID-19’s impact. This divergence of opinions reveals companies need to reach an internal consensus on the crisis’s impact on their sustainability programs, and be prepared to communicate it in a coherent, cohesive, and consistent manner. For more insights from the surveys, see: Refocusing Sustainability during COVID-19 and Corporate Governance Challenges in the COVID-19 Crisis: Findings from a Survey of US Public Companies. For more on the intersection of sustainability and COVID-19, see: Five Ways a Sustainability Strategy Provides Clarity in a Time of Crisis. |
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Stay Informed
The Conference Board COVID-19 Hub. The Conference Board is
uniquely positioned to provide the C-Suite with a 360° view of implications
for business and insights on what’s ahead related to the COVID-19
Coronavirus. Visit this page often as new resources are being added to help
you effectively and confidently navigate this quickly evolving situation.
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