How to ensure sustainability remains a priority for businesses after the pandemic

Sustainability is now linked to attracting talent and connecting with customers and stakeholders. Image: Sustainability is fast becoming a boardroom priority but there is still a “rhetoric gap” between what corporate leaders say, and the actions that they take. To ensure sustainability isn’t forgotten as businesses emerge from Covid-19’s economic fallout, it is important to bridge this gap, said Stephen Langton, management consulting firm Russell Reynolds Associates’ board consultant, Asia Pacific leader and chief executive of its Advisory Partners team. Image: Russell Reynolds Associates One way to do this, is to set sustainability key performance indicators for corporate leaders to meet, he said. A recent study of corporate bosses by Russell Reynolds found that just under half of them are taking action to integrate sustainability into their businesses, although nearly double the proportion believe it is critical to their success and survival. Consisting of interviews conducted this year with 55 chief executives and board members who have a track record of integrating sustainability into business strategies, the study was part of Russell Reynolds’ work with the United Nations (UN) Global Compact . The latter is an initiative for businesses to adopt sustainable and socially responsible policies. In an interview […]

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