Sustainability Magazine June 2024 | Page 71

CORPORATE GOVERNANCE

“HAVING STRONG CORPORATE GOVERNANCE ESTABLISHES THE FOUNDATION IN THE ORGANISATION TO BE ABLE TO STRATEGISE , GUIDE AND EXECUTE ALL ESG INITIATIVES WITH MEANINGFUL METRICS ”

JONAH SMITH VICE PRESIDENT , ENVIRONMENTAL , SOCIAL , GOVERNANCE ( ESG ) STRATEGY AND PROGRAMS , IBM
“ In the face of an evolving business landscape , corporate governance has become increasingly pivotal in risk management and compliance ,” Amy says .
“ The risks businesses face have expanded over time , with the climate crisis and the global pandemic underscoring the importance of resilience for growth . These shifts have illuminated the need for robust corporate governance to navigate these complexities .
“ With a background of almost two decades in risk management , it ’ s possibly not a surprise that I believe it ’ s critical that sustainability is approached through a lens of risk management .”
Amy adds : “ To do this requires that we acknowledge the critical role of reliable reporting and robust management practices in addressing issues ranging from regulatory and compliance demands , customer pressure and the reputational risks associated with greenwashing , to the challenges posed by an increasingly volatile geopolitical landscape .”
“ It ’ s crucial that we bridge the divide between climate ambition and action , ensuring that everyone is included . The effects of climate change are already upon us , and no individual or business is exempt , including our business .”
sustainabilitymag . com 71