Let CSO pilot flight to ESG

Sustainability was disconnected from vital enterprise selections…. Today, corporations everywhere in the world are quickly rising their deal with environmental, social and governance (ESG) points. Yet, many executives really feel unsure about what motion to take. In our most up-to-date annual company director survey, leaders mentioned that addressing ESG points is so advanced – and the problems so all-embracing – that they merely do not know the place to start.

That’s the place the chief sustainability officer (CSO) could make a distinction. In this new analysis, we discover the increasing position of the CSO inside the organisation and the way these executives more and more discover their opinion worthwhile in compliance in addition to in HR, technique and even finance.

The top-level findings from our analysis are clear:

Around 30% of the 1,640 corporations we analysed had a proper CSO position. Another 50% of the businesses had a CSO with restricted remit.

The variety of CSO positions is rising quickly. More CSOs have been appointed in 2021 than within the earlier 5 years (2016-20) mixed.

Companies with CSOs are higher ESG performers. Our analysis reviewed the ESG ranking from Refinitiv for 1,455 corporations: among the many corporations that scored an A-rating, virtually all (98%) had an govt with at the least some sustainability duty.

From ‘Empowered Chief Sustainability Officers: The Key to Remaining Credible and Competitive’, PricewaterhouseCoopers