Coca-Cola HBC, EY & IBM on the G in ESG

Rhea-AI Summary

Sustainability leaders from Coca-Cola HBC, EY, and IBM have emphasized the significant role of corporate governance in their Environmental, Social, and Governance (ESG) strategies. During a discussion highlighted by IBM's Vice President of ESG Strategy and Programs, Jonah Smith, the consensus was that corporate governance encompasses an internal system of practices, controls, and procedures designed to ensure ethical conduct, legal compliance, and effective decision-making. Smith underscored IBM’s commitment to integrating innovations and policies that enhance ESG progress, underpinned by ethics, trust, transparency, and accountability.

Positive

• IBM emphasizes the importance of corporate governance in its ESG strategy, highlighting a structured approach toward sustainability.
• The company commits to prioritizing ethics, trust, transparency, and accountability in its governance practices.
• IBM aims to integrate innovations and policies to advance ESG progress, indicating a proactive stance towards sustainable practices.

Negative

• The press release lacks specific financial data or concrete metrics to illustrate the impact of corporate governance on IBM's business performance.
• No detailed information on how the ESG governance strategies translate into financial benefits or stock performance.

By Charlie King

NORTHAMPTON, MA / ACCESSWIRE / June 3, 2024 / IBM
Originally published by Charlie King on Sustainability Magazine

Sustainability leaders from Coca-Cola HBC, EY and IBM discuss how corporate governance plays into their ESG and wider sustainability strategy

Corporate governance arguably goes under the radar, but senior executives say that should not be the case.

So how is it defined?

Corporate governance is the internal system of practices, controls and procedures a company adopts to govern itself, make effective decisions, comply with the law and meet the needs of external stakeholders.

Jonah Smith, Vice President, Environmental, Social, Governance (ESG) Strategy and Programs at IBM, agrees: "For IBM, corporate governance is about creating innovations, policies and practices that prioritise ESG progress simultaneously with ethics, trust, transparency and - above all - accountability."

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SOURCE: IBM

View the original press release on accesswire.com

FAQ

How does IBM define corporate governance in its ESG strategy?

IBM defines corporate governance as the internal system of practices, controls, and procedures designed to ensure ethical conduct, legal compliance, and effective decision-making.

What does Jonah Smith of IBM say about corporate governance?

Jonah Smith, Vice President of ESG Strategy and Programs at IBM, states that corporate governance is about creating innovations, policies, and practices that prioritize ESG progress along with ethics, trust, transparency, and accountability.

Which companies are involved in the discussion on corporate governance in ESG?

The discussion on corporate governance in ESG involves Coca-Cola HBC, EY, and IBM.

When was the press release about IBM's corporate governance in ESG published?

The press release was published on June 3, 2024.