Companies with more women on their boards are more likely to be on track to meet global climate goals, analysis by investment research and asset manager Arabesque showed on Tuesday.
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. “So far all the data I’m seeing reinforce the original premise that diversity and environmental performance are linked,” Krumsiek said.
The data showed mixed progress on diversity between 2017 and 2021. Almost all companies analyzed had committed to diversity policies but far fewer set concrete diversity targets, Arabesque said.
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