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Arabesque

Climate love

Women-led companies are more likely to meet global climate goals

A new study by the asset management firm Arabesque shows that companies with more women on their boards are more likely to be on track to meet global climate goals. The study found that the most diverse 20 per cent of the world's 1,000 biggest companies were more aligned with a goal of capping global warming at 1.5C (2.7 F) above the pre-industrial average by 2050. Arabesque said it gave each company a diversity score by looking at data like board diversity and diversity targets, and a temperature score after checking if the company's climate plans were on course to support the goal. Barbara Krumsiek, Arabesque board member and former chief executive at asset manager Calvert Investments, said the data showed a strong correlation and backed up academic studies on the issue. "So far all the data I'm seeing reinforce the original premise that diversity and environmental performance are linked," Krumsiek said. Conversely, 37% of the firms in the least-diverse 20% of companies were headed towards a worst-case 2.7C trajectory or above, and most did not disclose any meaningful data, the research showed. It's the first time that this type of study is being published and it really shows the importance of gender equality and inclusion for fighting the climate crisis. https://www.reuters.com/business/sustainable-business/boardrooms-with-more-women-deliver-more-climate-says-arabesque-2022-03-22/

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  • We Don't Have Time

    58 w

    Dear Sarah Chabane Thank you for getting your climate love to level 2! We have reached out to Arabesque and requested a response. I will keep you updated on any progress! /Adam We Don't Have Time

    1
    • Harrison wambui

      59 w

      Very very impressive

      3
      • Muhammad Fahd Khan

        98 w

        Good, very good! 💚 🌿 🌴

        5
        • Patrick Kiash

          110 w

          The power of a woman is the key, I support.

          • Marine Stephan

            112 w

            This reminds me of this study (https://www.jstor.org/stable/30044614) by Kari Norgaard and Richard York that shows that having more women in Parliament makes the country take better environmental policies. We need more women in position of power

            6
            • Thomas Tienso

              112 w

              More women on top positions

              • Aude Boulord

                112 w

                Makes me think of some comments about how the pandemy was managed by female politicians such as in NZ 😇

                • Edwin wangombe

                  112 w

                  I second this point... Females are super humans and they always care about other people so it is true when we say that women led companies will save the planet

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