ESG in the Boardroom and on the Balance Sheet
About the section
ESG touches essentially every aspect of a health system, from ensuring patient safety and quality standards to hiring practices and building design. The all-encompassing nature of environmental, social and governance issues requires a commitment that starts at the very top of the organization.
Board members must prioritize creating and supporting an ESG strategy – backed by measurable goals and meaningful investment – to ensure it will become integrated in day-to-day operations and management.
Two healthcare leaders who strongly advocate for ESG adoption across the industry discuss how the culture shift, investments and significant operational changes required to support ESG can only be achieved if those at the helm are champions of the effort.
Paul Washington, executive director of The Conference Board ESG Center, shares advice and strategies for organizations to track and account for enterprise-wide ESG progress, a monumental task that requires committed governance and thoughtful decision-making.