Did you know that female board members save the planet?

Investors and the public at large are increasingly concerned about environmental sustainability and a lack of action by some firms to address it.

To tackle serious environmental issues like climate change, investors need effective governance mechanisms to renew the thinking of the board of directors. A new ESG study of 3,293 firms from 41 countries shows that companies are more sensitive to sustainability issues when female directors are appointed to their boards.

In this podcast, Hannes Wagner, Associate Professor of Finance at Bocconi University, explains how investors can push companies to substantially improve their environmental performance, by forcing firms to renew their boards.