ExxonMobil Lawsuit To Stop Climate Proposals Prompts Boards To Review Approach To ESG
Lawsuit claims proposals are an attempt to “micromanage” their business.
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Lawsuit claims proposals are an attempt to “micromanage” their business.
With potential legal action looming, it’s time for board members to have an honest dialogue about what is in the best interest of the company.
The emergence of this new area of attacks against ESG could increase the risk for companies dealing with legitimate shareholder concerns about how environmental and social issues are handled.
C-Suites will soon be responsible for integrating modern sustainability strategies within their organizations’ financial reporting—and boards will be responsible for oversight—but many don’t know where to start or how to track emissions.
The veteran director says boards will need to be ‘unrelenting’ about DEI strategy, ‘even if they’re less vocal publicly.’
If they haven’t already, companies should prepare to comply with the rule and have the appropriate disclosures ready by the end of the year.
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