GlobeNewswire by notified

Sustainability Goals Under Threat from Economic Challenges and Competing Corporate Agendas, warns Boyden

Share

Efforts to deliver tangible improvements in carbon emissions by industrial companies could be hampered by sustainability slipping down the agenda as organisations struggle with costs, labour shortages and strike action in 2023

London, UK, Jan. 11, 2023 (GLOBE NEWSWIRE) -- Boyden, a premier leadership and talent advisory firm with more than 70 offices in over 45 countries, shares concern for industrial companies grappling with multiple challenges as they strive to address sustainability and deliver on their goals for the Global Stock Take of the Paris Agreement at COP28 in November 2023.

Boyden’s analysis of industrial companies[1] in the FTSE 250 and All-Share AIM indices in Sustainability Appointments in Industry: Approaches to leadership and governance'shows that in the FTSE 250 the majority of current sustainability officers[2] have been in role for less than two years. Coupled with multiple challenges facing organisations, it could be extremely difficult for these officers to deliver on sustainability goals.

“Given the current economic environment, there is a risk that sustainability will take second place. It will be challenging for sustainability officers to keep sustainability high on the agenda, and they could find themselves competing with other functional leaders in the C-suite who have different requirements and priorities,” comments Claire Lauder, Managing Partner and leader of the research, Boyden UK & Ireland. “The good news is that there is a much greater social, economic and corporate mandate for sustainability leaders. They must leverage relationships with the board and the CEO to maintain the focus on sustainability, because sustainability and business imperatives are now inextricably linked”.

As corporate leaders compete for resources, the board, CEO and sustainability officer need to maintain a sharp focus on gathering the right people together to deliver on sustainable business goals.

“The challenge for businesses making physical products with complex supply chains is that increasingly the sophistication of talent needed is greater and it is harder to find executives with the right level of experience. It’s important to get the right resource, or combination of resources, leveraging executive search, interim management and expert consultants to move to the tactical implementation stage initiated at COP27.”

Analysis of industrial companies in the FTSE 250 reveals that 92 percent have a dedicated sustainability officer, 80 percent of whom report to the board, and 75 percent of whom have been in post since 2020. All have board committee oversight: 31 percent sustainability, 21 percent ESG, 12 percent health & safety, 8 percent risk or audit & risk or executive committee, 18 percent other committee.

Analysis of industrial companies in the All-Share AIM Index, which has lower corporate governance provisions than the FTSE 250 Index, reveals 39 percent have a dedicated sustainability officer, 42 percent of whom have been in post since 2020. Just 14 percent have board or executive committee oversight of sustainability.

Since their earliest appointment in 2010, sustainability officers have changed from being science or climate experts driving awareness and understanding of our impact on the planet, to senior-level corporate operators who can hold their own in the C-suite, influencing strategy and operations. Claire Lauder says, “These leaders often have a suite of skills that stretches across finance, operations, marketing and communications. They are omni-talented with gravitas and expertise in how to enable an organisation to deliver on sustainability targets”.

Organisations are increasingly turning to interim management solutions to access the right level of experience and expertise.

“Interim managers are change experts and change evangelists. They are proven at driving business change through people,” explains Claire Lauder. “The interim talent pool includes health and safety executives who became increasingly strategic, working to reshape behaviour cultures and inject functional expertise. The strategic supply chain is probably the most complex area to focus on; supply chain experts who now review sustainability credentials with new suppliers in the same way they review cost and risk. Harnessing executive interim talent to drive through new ways of working is often a rapid way to kick start change.” 

About the research

Our research analysed 60 industrial companies in the FTSE 250 and 108 in the FTSE All-Share AIM indices to ascertain the extent to which organisations are investing in dedicated sustainability roles, how organisations are approaching governance, and the evolving regulatory environment in which they operate.

About Boyden

Boyden is a premier leadership and talent advisory firm with more than 70 offices in over 45 countries. Our global reach enables us to serve client needs anywhere they conduct business. We connect great companies with great leaders through executive search, interim management and leadership consulting solutions. For further information, visit www.boyden.com.


[1] The analysis does not include commercial and professional services companies serving industry.

[2] The use of ‘sustainability officer’ is generic, referring to individuals who have a sustainability-type role in their organisation; distinct from the formal denomination of Chief Sustainability Officer (CSO).

Attachment

To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml.globenewswire.com, please give your consent at the top of this page.

About GlobeNewswire by notified

GlobeNewswire by notified
GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://notified.com

GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire by notified

Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire by notified

Fortinet Unveils New ASIC to Accelerate the Convergence of Networking and Security Across Every Network Edge6.2.2023 15:00:00 CET | Press release

Fifth-generation security processing unit (FortiSP5) delivers unparalleled levels of power-efficient performance to open new frontiers for securing the branch, campus, 5G, edge compute, operational technologies, and more SUNNYVALE, Calif., Feb. 06, 2023 (GLOBE NEWSWIRE) -- Ken Xie, Founder, Chairman of the Board, and Chief Executive Officer at Fortinet “With the introduction of FortiSP5, Fortinet once again sets new industry records for performance, cost, and energy efficiency. As the only cybersecurity vendor leveraging purpose-built ASICs, an over 20-year investment in innovation, Fortinet delivers the secure computing power that will support the next generation of secure infrastructure.” News Summary Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced FortiSP5, the latest breakthrough in ASIC technology from Fortinet, propelling major leaps forward in securing distributed network edges. Building on over 20 yea

Golar to acquire New Fortress Energy’s stake in FLNG Hilli6.2.2023 14:21:46 CET | Press release

Golar LNG Limited (“Golar” or “the Company”) has agreed to acquire the New Fortress Energy Inc. (“NFE”) ownership stake in FLNG Hilli in exchange for Golar’s remaining 4.1 million shares in NFE and $100 million in cash. Golar will also take over approximately $323 million in debt obligations linked to Hilli. Pursuant to the transaction, Golar will acquire the 50% interest in Trains 1 and 2 of FLNG Hilli, currently owned by a subsidiary of NFE. Following closing of the transaction, Golar’s effective interest in currently contracted FLNG Hilli earnings will be as follows: 94.55% of Common Units that receive tolling related fees relating to trains 1 and 2, and 5% of Dutch Title Transfer Facility (“TTF”) related fees,89.1% of Series A units that receive Brent oil related fees,89.1% of Series B units that receive 95% of TTF related fees. Following the transaction Golar will have no remaining shareholding in NFE. Commenting on the transaction, Golar CEO Karl Fredrik Staubo said “Today’s anno

Centessa Pharmaceuticals to Present Additional Data from Open-Label Extension (OLE) of Phase 2a Study of SerpinPC for Hemophilia at the 16th Annual Congress of the European Association for Haemophilia and Allied Disorders (EAHAD)6.2.2023 14:00:00 CET | Press release

BOSTON and LONDON, Feb. 06, 2023 (GLOBE NEWSWIRE) -- Centessa Pharmaceuticals plc (Nasdaq: CNTA), a clinical-stage pharmaceutical company that aims to discover and develop medicines that are transformational for patients, today announced that the Company will present additional data from the open-label extension (OLE) of AP-0101, a Phase 2a study of SerpinPC, a novel inhibitor of activated protein C (APC) being developed for the treatment of hemophilia, during an oral presentation at the 16th Annual Congress of the European Association for Haemophilia and Allied Disorders (EAHAD), on February 10, 2023. The Company recently announced positive results from the Phase 2a OLE at the 64th American Society of Hematology (ASH) Annual Meeting. “We are excited to share additional data from the OLE that further demonstrate the potential for SerpinPC to be a convenient subcutaneous treatment with a differentiated safety profile for people living with hemophilia,” said Saurabh Saha MD PhD, Chief Ex

Aktia’s Financial Statement Release 2023 will be published on Friday 17 February 2023 at 8.00 a.m.6.2.2023 14:00:00 CET | Press release

Aktia Bank Plc Press release 6 February 2023 at 03.00 p.m. Aktia’sFinancial Statement Release 2023 will be published on Friday17 February 2023 at 8.00 a.m. Aktia’s Financial Statement Release 2022 will be published on Friday 17 February 2023 at 8.00 a.m. (EET). The Financial Statement Release is available at Aktia’s website www.aktia.com after the publication. Webcast from the results event A live webcast will be sent from Aktia’s results event on Friday 17 February 2023 at 10.30 a.m. CEO Mikko Ayub and CFO Outi Henriksson will be presenting the results. The event will be held in English and can be seen live as a webcast or as a recording after the event at https://aktia.videosync.fi/2022-q4-results. The presentation material in English is available at Aktia’s website www.aktia.com before the results event. Aktia Bank Plc Further information: Lotta Borgström, Director, Investor Relations and Communications, tel. +358 10 247 6838, lotta.borgstrom@aktia.fi Distribution: Nasdaq Helsinki L

Aktias bokslutskommuniké för år 2022 publiceras fredagen 17.2.2023 kl. 8.006.2.2023 14:00:00 CET | Pressemelding

Aktia Bank Abp Pressmeddelande 6.2.2023 kl. 15.00 Aktias bokslutskommuniké för år 2022 publiceras fredagen 17.2.2023 kl. 8.00 Aktias bokslutskommuniké för år 2022 publiceras fredagen 17.2.2023 kl. 8.00. Bokslutskommunikén finns tillgänglig på Aktias webbplats på adressen www.aktia.com efter publiceringen. Webcast-sändning från resultattillställningen En direkt webcast-sändning arrangeras från Aktias resultattillställning fredagen 17.2.2023 kl. 10.30. Verkställande direktör Mikko Ayub och ekonomi- och finansdirektör Outi Henriksson presenterar resultatet. Tillställningen hålls på engelska och kan ses som en direkt webcast-sändning eller en inspelning efter tillställningen på adressen https://aktia.videosync.fi/2022-q4-results. Presentationsmaterialet på engelska finns tillgängligt på Aktias webbplats www.aktia.com före resultattillställningen. Aktia Bank Abp Mera information: Lotta Borgström, direktör för investerarrelationer och kommunikation, tfn 010 247 6838, lotta.borgstrom@aktia.fi