Why It’s Time For Boards To Take A Stand On Sustainability

What is the biggest barrier to sustainable development? There are many, but I’d like to flag one that I think hasn’t received enough attention so far: boards of directors of companies and asset managers. Too many are only focused on short-term financial performance at the expense of both the organization they represent and our global society and planet. It is a result of a fundamental misperception about what is their “fiduciary duty.”