Governance and Oversight

Becoming an Agent of Change

This guidebook is based on a multi-year research project we undertook to explore: 'Why and how do privileged insiders become agents of change, challenging institutions for broader societal benefit?' We share what we have learned about the process of becoming an agent of change, incorporating the experiences of the change agents we interviewed in their own words. We hope that this guide helps you to reflect on your own journey of change.

Being an Effective Change Agent

How can you prepare yourself to be a more effective sustainability change agent? This guide was designed to share insights on how change agents can support their CEO and influence thinking on sustainability. It is based on a review of prior academic research on CEO decision-making and combined with the practical experiences and insights gleaned from interviews with over 200 CEOs, board members, and sustainability executives. It explores a broad range of global companies and industries including finance and insurance, material extraction, retail, manufacturing, transportation, logistics, utilities, and agribusiness, as well as a diverse array of ownership structures, including public corporations, privately owned businesses, and co-operatives.

To further support you in bolstering your own effectiveness, we have also developed the Being an Effective Change Agent: Personal Inventory. We encourage you to use this as a tool for reflection, and to help you plan your future personal development.

Supporting Your CEO

CEOs play a crucial role in embedding sustainability into the strategies and day-to-day decisions of their organisations. Based on over 200 interviews with CEOs, board members, and sustainability executives from a range of global companies and a review of prior academic research on CEO decision-making, we developed these resources to share insights on how corporate change agents can help influence CEO thinking on sustainability.

In our Guide, we describe each of the characteristics in detail, incorporating as many direct experiences as possible to help sustainability change agents think about how to support their CEO. We also developed a Tactical Inventory to help change agents reflect on these tactics and to identify which of them might be most appropriate for their own setting.

EDI Leading Practices: A Guide for Companies

Workplace equity, diversity, and inclusion (EDI) is a complex and rapidly evolving space, and increasingly, companies are interested in understanding how to meaningfully advance EDI in their organisations. To help them do so, we consulted EDI research and guidance, reviewed practices of over 100 companies, and sought input from practitioners across a range of industries and geographies. Our Equity, Diversity, and Inclusion Leading Practices Guide offers a comprehensive framework with practices, case studies, and resources to help organisations embed EDI into their strategy, structures, and culture.

Teck's Development of a Strategy for Sustainability

This case provides an insider's perspective on the development of Teck's first strategy for sustainability. It explores the company's early rationale behind developing and implementing a multi-year strategy, and provides insights on how sustainability champions within the company used environmental and social megatrends to envision and co-create a long-term approach to sustainable business. This case also provides insights on the major obstacles and lessons that staff and leadership learned through this transformative experience.

Lead From The Top: Building Sustainability Competence on Corporate Boards

This report from Ceres explores how boards can successfully integrate sustainability into their governance structure by raising their own competence on sustainability issues. This report focuses on the skills and experience needed for board members to provide thoughtful and effective oversight of sustainability risks and opportunities, in addition to the tools and processes that can help foster deeper engagement at the board level around these issues.

CEO Guides

The WBCSD has published a number of CEO Guides to provide a high-level overview on the risks and opportunities of corporate sustainability issues. These guides focus on topics such as human rights, water, climate-related financial disclosures, the SDGs, climate action, and the circular economy, and will support executives at your company with understanding key themes and trends, aligning business strategy with critical societal and environmental agendas, and developing and implementing meaningful, credible goals.

Leadership for the Decade of Action

This short report can help you to embed sustainability into your leadership culture. Written by the United Nations Global Compact and Russell Reynolds Associates, it identifies leadership attributes that are critical for enacting sustainability-related transformations at the necessary level and scale. The report is informed by in-depth interviews with 55 sustainability pioneers, including chief executives and board members, and would be of particular benefit to reflective, growth-oriented leaders and to HR teams seeking to hire and develop new leaders.

Engaging Your Board on Sustainability: Advice for (and from) Senior Sustainability Leaders

How can you make the most of your time with the board? We asked sustainability leaders from our corporate peer group for their advice on effective board engagement.

Advancing the S in ESG: A primer for CFOs

This primer from WBCSD, in partnership with Shift Project and the CFO Network, is designed to introduce CFOs to social sustainability and why it is essential to their role. Part one provides overview of the what, who, and how of corporate social performance, and part two shares key insights from CFOs on how to better measure social performance.

Primer on Climate Change: Directors’ Duties and Disclosure Obligations

This primer from the Climate Governance Initiative can help directors and other senior executives understand the material financial and systemic risks that climate change presents to corporations and their investors. It begins by providing an overview of the evidence of these financial risks, and then examines the obligations these risks create in respect to both the duties of directors and disclosure across different jurisdictions. It also considers the increasing attention to biodiversity risk and its potential to affect directors’ duties.

Sustainability Reporting Frameworks: A Guide for CIOs

This report is an excellent primer on most commonly cited ESG reporting frameworks: the Climate Disclosure Project (CDP), the Global Reporting Initiative (GRI), the Sustainability Accounting Standards Board (SASB) and the Task Force on Climate-related Financial Disclosures (TCFD). Although intended for CIOs, this report will provide executives and change agents across the spectrum with a basic understanding of the frameworks and their fundamental differences, including audience, scope, and competing definitions.

Nature for boards: A primer

This resource from Pollination - in collaboration with Chapter Zero and Korn Ferry - provides a good summary of key nature topics and practical guidance that can help you to support environmental resilience. Created for non-executive directors and board members, this guide explains what future-facing governance and leadership look like in the context of nature-related risks and opportunities; nature fundamentals for businesses; directors' duties and nature risk; understanding nature-related opportunities; and the steps directors should be taking now.

Leadership Capabilities for the 21st Century: Thriving in an age of disruption

This report from the University of Cambridge Institute for Sustainability Leadership (CISL) can help you to foster effective, modern leadership that can navigate cascading crises and support thriving and inclusive futures. The report updates CISL's Leadership Capabilities for the 21st Century framework, revising it to embrace the capabilities required in a turbulent age. It summarises seven reflections on - and updates to - the original thinking, providing a revised framework that is relevant and practical.

Climate Change and Climate Risk Oversight

Climate change is a planetary emergency that presents severe risks to businesses, society, and the global economy. No business, regardless of the sector, is immune – and businesses around the world have a key role to play to help avoid the worst impacts. This guide will help you understand the science behind climate change, why climate change matters to your business, and what actions your business can take to accelerate the transition to a net-zero, climate-resilient future.

Climate Change and Climate Risk Oversight

Climate change is a planetary emergency that presents severe risks to businesses, society, and the global economy. No business, regardless of the sector, is immune – and businesses around the world have a key role to play to help avoid the worst impacts. This guide will help you understand the science behind climate change, why climate change matters to your business, and what actions your business can take to accelerate the transition to a net-zero, climate-resilient future.

The Taskforce on Nature-related Financial Disclosures

Reversing global nature loss depends on a shift in global financial flows away from nature-negative outcomes and toward nature-positive outcomes. This depends on large and small businesses across supply chains, financial institutions, and industries of all types collectively identifying, assessing, managing, and disclosing nature-related dependencies, impacts, risks, and opportunities. Towards meeting this inter-industrial challenge, the Taskforce on Nature-related Financial Disclosures (TNFD) was established in 2021 in response to the growing need to factor nature into financial and business decisions.

The TNFD has developed a market-led, science-based risk management and disclosure framework for organisations to report and act on evolving nature-related risks and opportunities. The TNFD has also developed case studies and sector-specific guidance; a Knowledge Hub that features a curated collection of the latest external resources and market insights on nature-related risks and opportunities; and an open-access Learning Lab that supports self-paced learning about nature-related issues, the TNFD recommendations, and additional guidance.

Lead From The Top: Building Sustainability Competence on Corporate Boards

This report from Ceres explores how boards can successfully integrate sustainability into their governance structure by raising their own competence on sustainability issues. This report focuses on the skills and experience needed for board members to provide thoughtful and effective oversight of sustainability risks and opportunities, in addition to the tools and processes that can help foster deeper engagement at the board level around these issues.