London, 24 February 2020 – FTSE350 boards are devoting more time to the issue of climate change, the results of a survey published today by The Chartered Governance Institute in association with the Financial Times have shown.
Commenting on the findings of the winter 2019 Boardroom Bellwether survey, Peter Swabey, Policy and Research Director at The Chartered Governance Institute says:
“Almost all boards that responded to the survey have discussed issues relating to climate change at least once in the past year (96%), with nearly half returning to the subject several times. The intensity of focus for some is considerable. One in ten companies have returned to the discussion six or more times over the last six months, whereas six months ago none reported more than five discussions and 28% had never discussed climate change risks at all.
“While just 11% have concluded it is a major risk, this is almost double the 6% who viewed it as a major risk in summer 2019. In the face of increasing scrutiny from the public and media, boards are clearly considering the implications for their business.”
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