NEWS AND INSIGHTS UPDATE:
It’s been proven again and again that businesses perform better and stocks rise when women are on corporate boards, but did you know that the number of women on a corporate board directly correlates with a company’s sustainability performance? It’s true according to research from the University of California Berkeley’s Haas School of Business.
The “Women Create a Sustainable Future” study found that companies with one or more women on their board of directors are significantly more likely to have improved sustainability practices. Study co-author Adjunct Assistant Professor Kellie McElhaney explains:
“We found, like researchers before us, that the sweet spot is three. Companies with at least three female board members had a better ESG performance but we’re talking about very few companies who meet this threshold–just three of the 1,500 we studied: Kimberly-Clark, General Motors, and Walmart.”
The study authors measured corporate environmental, social, and governance (ESG) performance using a dataset of Fortune 1500 companies. ESG is a widely accepted measure of corporate sustainability for investors and is used to analyze risk management, opportunity recognition, and strong leadership. You can read the full report here.
Get the details: More Female Board Directors Add Up to Improved Sustainability Performance via www.newswise.com
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Susan Gunelius
Susan Gunelius is the Founder and Editor-in-Chief of Women on Business. She is a 30-year veteran of the marketing field and has authored a dozen books about marketing, branding, and social media, including the highly popular Ultimate Guide to Email Marketing, 30-Minute Social Media Marketing, Content Marketing for Dummies, Blogging All-in-One for Dummies and Kick-ass Copywriting in 10 Easy Steps. Susan’s marketing-related content can be found on Entrepreneur.com, Forbes.com, MSNBC.com, BusinessWeek.com, and more. Susan is President & CEO of KeySplash Creative, Inc., a marketing communications company. She has worked in corporate marketing roles and through client relationships with AT&T, HSBC, Citibank, Intuit, The New York Times, Cox Communications, and many more large and small companies around the world. Susan also speaks about marketing, branding and social media at events around the world and is frequently interviewed by television, online, radio, and print media organizations about these topics. She holds an MBA in Management and Strategy and a Bachelor of Science degree in Marketing and is a Certified Professional Career Coach (CPCC).
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