In The News

Boards Wrangle Dense Thicket of Climate Resources

Agenda

08 Oct 2018

Morrison & Foerster partner Susan H. Mac Cormac discussed the environmental, social and governance considerations that are integral to companies’ operational decisions and enterprise risk management oversight in the Agenda article, “Boards Wrangle Dense Thicket of Climate Resources” (subscription required).

Figuring out where the greatest risks are in a supply chain, whether a new manufacturing plant will be underwater in five to 10 years due to rising sea level or if civil unrest around a factory will lead to workers not having enough food to survive are crucial components that should factor into operating decisions, said Ms. Mac Cormac, who chairs the firm’s Social Enterprise and Impact Investing Group and co-chairs the Energy and Clean Technology Groups.

“For most of the big public companies, this is related to decision-making and is not a separate category,” she said. “Among the boards I’ve spoken to recently, they are looking at this from an enterprise-risk scenario.”

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