The leading companies in the UK are taking Net Zero increasingly seriously. More than half (54%) of companies in the Financial Times Stock Exchange 100 Index (FTSE 100) now have board-level ESG committees, according to research published by Mattison public relations. Research shows that the proportion of companies with ESG committees varies by industry. 100% of oil, gas and mining companies have board-level ESG committees, while only 13% of companies in the non-bank financial services sector have these committees. Companies in the non-banking financial services sector include insurance companies, asset managers, and retail investment platforms. Among companies with board-level ESG committees, 56% of the committees consist entirely of non-executive directors, which could allow companies to add directors with ESG expertise and allow those directors to exercise greater independent oversight of the companies' ESG performance.
