Research Guides: MGMT6085: Sustainability Innovation: Week 4

Week 4 Readings

Week 4: Sustainability Governance for Better ESG Performance and Board Innovation

Definition of sustainability governance
The Board’s ‘new’ sustainability and innovation imperative
Challenges in designing and implementing governance models for better ESG and innovation performance
Examples of successful sustainable innovation governance structures

Learning Outcome: Students correctly identify common obstacles many boards face in governing sustainable innovation (e.g., lack of expertise and diversity) and explain based on the case of DBS what boards and management should do to bolster out-of-the-box thinking, ESG, sustainability and governance.

Additional Resources

The Palgrave Handbook of ESG and Corporate Governance by Paulo Câmara, Filipe Morais
ISBN: 9783030994686
Publication Date: 30 June 2023
Since the 2008 Global Financial Crisis the prevailing economic development model based on an assumption of unlimited resources and, therefore, unlimited growth has been increasingly put into question by academics, policy-making agencies and even industry leaders themselves. Climate change, general environmental and natural resource degradation, widespread inequalities, and systemic governance failures are pressing capitalism to renew itself to deliver sustainable outcomes for a broader base of stakeholders. This has become known in more practical terms as the ESG (Environmental, Social and Governance) and responsible investment movements. The pressure to change how we organise ourselves as societies and economies has implications for how large and small corporations, public or private, are governed and to the benefit of whom. This Handbook offers a rare combination of pluralistic and multidisciplinary perspectives from law, economics, finance and management, as well as an interesting mix of latest academic thinking and practical recommendations on ESG for boards and executive teams.