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Most FTSE 100 Finance Firms Without ESG Committees

Only 13% of FTSE 100 in the non-bank financial services sector have established a board-level ESG committee, according to research by Mattison Public Relations. However, ESG committees are becoming increasingly across other FTSE 100 companies, the research said, noting that 100% of mining and oil and gas companies have implemented board-level ESG committees. “If you are a FTSE 100 company without an ESG committee at board level then you are now in a shocking minority,” said Maria Hughes, Director at Mattison Public Relations. Of the 54 FTSE companies with ESG committees, 56% are comprised entirely of non-executive directors, the research added, noting that this means companies can bring in directors with ESG expertise and that the committee can have greater independent oversight of the company’s ESG-related performance. Hughes said: “Companies that are improving their ESG performance are doing so by setting net zero goals, reducing their emissions and investing in carbon offsets. Sectors with low environmental impacts and no ESG committee are missing an easy opportunity to improve their ESG credentials.” 

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