How Robust Is Your Climate Governance?

During the past few years, as evidence of climate change and its effects has mounted, calls for corporate boards to add climate governance to their agendas have increased dramatically. And many boards have listened. According to a Deloitte study, 38% of S&P 500 boards disclosed their oversight structure for climate risk in their 2022 proxy statements. Another study, conducted by the law firm Orrick, looked at 367 S&P 500 companies that had publicly disclosed their responses to the CDP’s 2023 climate-change questionnaire and found that 99% reported having board oversight of climate-related issues.