Suz Mac Cormac spoke to Agenda about the approach boards should take when assessing climate risk and strategy.
"Unless we have uniform standards that can be verified, I advise taking a 'less is more approach,' and advise companies to focus on disclosure where they have good and verifiable data and particularly where it links to operations and financial performance," Suz said.
Suz also recommends that companies expand the board competency matrices when selecting new board members to include those who can "see around corners" when it comes to climate change, and she believes boards should "integrate decisions on climate (and ESG more broadly) into the work of their committees – governance, audit/finance, and compensation – not silo climate considerations in a separate impact or ESG committee."
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Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
© Morrison & Foerster LLP. All rights reserved
Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
© Morrison & Foerster LLP. All rights reserved
