Boards of directors play a critical role in establishing, overseeing and continually assessing their organizations’ commitment to ESG. Central to their role is ensuring that the organization fulfills the commitments it makes to not only shareholders, but also employees, customers, regulators, non-governmental organizations and the communities in which they serve. That commitment is at the core of stakeholder capitalism, which is principally what our board advisory and governance services support.
The “G” in ESG is perhaps the most important, because without good governance, efforts to support environmental and social priorities likely will fall short. With their focus on working with management to sort through myriad opinions, initiatives and goals, boards are well positioned to take the lead on their organizations’ ESG strategies – making informed decisions to set priorities, allocate resources and make investments. And they can help the entire organization to not only take an enterprise-wide view of ESG but also to highlight the opportunity it offers and frame its role in the future of the enterprise.
Willis Towers Watson helps boards to tackle these challenges and find opportunities with a wide range of services, including:
- Board education and director professional development
- Board skill matrices and composition review
- ESG governance process review/development
- ESG strategy in terms of investment and operations
- Board effectiveness assessments
- Directors’ duties and disclosure obligations