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Patrick Gibbons

Boards to blame for ESG mismatch

Company directors must bear responsibility for the regulator interest and threats of shareholder litigation after allowing management to make short-term PR promises that lack understanding of the real-world challenges of the energy transition.

Patrick GibbonsCorporate advisor

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Boards must bear responsibility for the regulatory heat after allowing management to make short-term PR promises that lack understanding of the real-world challenges of reducing emissions, and what is actually occurring in global energy markets.

Lately greenwashing and greenhushing are getting lots of attention for two reasons – regulator interest and threats of shareholder litigation. Both should focus boards’ attention.

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    Original URL: https://www.afr.com/policy/energy-and-climate/boards-to-blame-for-esg-mismatch-20230530-p5dcci