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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For further information, please contact Maria Brookes, Media Relations Manager:
mbrookes@icsa.org.uk
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Notes to Editors:
- The Chartered Governance Institute is the professional body for governance. We have members in all sectors and are required by our Royal Charter to lead ‘effective governance and efficient administration of commerce, industry and public affairs’. With over 125 years’ experience, we work with regulators and policy makers to champion high standards of governance and provide qualifications, training and guidance. Website: www.icsa.org.uk
- The Financial Times is one of the world’s leading business news organisations, recognised internationally for its authority, integrity and accuracy. The FT has a record paying readership of more than one million, three-quarters of which are digital subscriptions. It is part of Nikkei Inc., which provides a broad range of information, news and services for the global business community.
- The full report, which is based upon the responses of 72 FTSE 350 companies, is available to download at www.icsa.org.uk/bellwether