NARRATIVE OF GLOOM
THE CHALLENGE
There is much in the public debate about the demise of ESG. Fidelio has a strong track record on
advising Boards on stakeholder expectations and accountability to stakeholders; we therefore remain
close to this issue.
In the US the rift between Democrat and Republican States on the environment and diversity issues
has attracted much attention. In the UK, the Corporate Governance Code refresh has been subject to
a rethink prioritising competitiveness over ESG red tape. Equally, politicians seem to be getting cold
feet across the world about promoting green agendas; and a number of high profile investors have
raised questions about whether the framework for ESG is the right one.
THE BUSINESS IMPERATIVE
Ironically, this political and regulatory reversion comes at a time when many companies and Boards
are working through major transformations and committing substantial investment and resource to
ESG aligned strategies. Fidelio’s Board composition and evaluation assignments indicate that Boards
are paying more, not less, attention to ESG...
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