Sustainability Magazine July 2023 | Page 55

on shareholders . This comprehensive approach should be applied to all operational aspects of the company .
“ Proper due diligence on suppliers and third-parties should be taken seriously ,” Möller says . “ For example , GHG emissions tend to be far greater in Scope 3 emissions , which concerns assets outside the direct control of a company and typically concerns their supply chains .”
Having a gender-equal board of directors is also crucial for effective governance . Gender diversity in the boardroom ensures a broader range of perspectives and expertise , leading to more robust discussions and decisionmaking processes . This diversity helps mitigate the risk of groupthink , promoting independent thinking and critical evaluation of management strategies .
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