The way the economy operates must fundamentally change to survive. Businesses need to make money in a different manner than ever-increasing sales and fuelling overconsumption. Revamping corporate governance is instrumental to move to a circular economy and responsible value creation.
Environmental and social considerations are not just about doing good and making the planet a better place, they are about staying in business and still having a planet to live on. There is now indisputable scientific evidence that continuing a path of endless growth is suicide. It is time to get our priorities right: once the planet is exhausted, there will be no ground for business, investors or politicians.
Accountancy Europe´s publication, 10 ideas to make corporate governance a driver of a sustainable economy addresses the collective responsibility to make our economy sustainable. Accountancy Europe identified ten ways that boards and policymakers/regulators can use corporate governance to make sustainability the cornerstone of their decision making.
Boards have the power to transform their business and can help leverage one the greatest drivers of change: markets. Policymakers and regulators must support and accelerate systemic transformation. Accountancy Europe aims to challenge them and provokes thoughts with ten recommendations that:
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suggest changes in boards’ roles and practices
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propose legislative and non-legislative actions by EU and national policymakers/regulators
Full press release on Accountancy Europe
Full publication "10 ideas to make corporate governance a driver of a sustainable economy"
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