Ongoing research into sustainability reveals that companies worldwide are continuing to struggle with integrating it into their organisations, despite the growing strategic importance of environmental, social and governance (ESG) demands.
According to Nadine-Lan Hönighaus, global ESG governance lead at KPMG International, their research indicates that more than half of the companies surveyed have found that sustainability responsibilities still primarily rest with the CEO.
"Only about 50% of the companies we interviewed have a chief sustainability officer (CSO) in place.
"More often than not, the CEO is also tasked with fulfilling the CSO role," she noted, highlighting the significant challenge this places on CEOs.
"The CSO role is very demanding, with a wide range of functions, and meeting its requirements simultaneously with those of a CEO is exceptionally difficult."
- Read the full article in our Freight Features edition on "Environmental, Social and Governance Initiatives."
