How to embed the concept of sustainability is one of the key questions boards of directors and top management teams discuss in times of societal change and environmental challenges. These reflections are driven not only by self-reflection but also by capital market pressures and the consensus of public opinion. Unlike other issues on the corporate agenda, sustainability calls for a distinct approach to governance and raises questions about the foundation of corporate governance: the corporate purpose. This book presents various perspectives on corporate governance of sustainability and sustainable corporate governance, bringing together viewpoints from 16 practitioners and academics. It offers practical insights, introduces new perspectives, and invites readers to reflect on their own approaches to integrating sustainability into corporate governance.

How to embed the concept of sustainability is one of the key questions boards of directors and top management teams discuss in times of societal change and environmental challenges. These reflections are driven not only by self-reflection but also by capital market pressures and the consensus of public opinion. Unlike other issues on the corporate agenda, sustainability calls for a distinct approach to governance and raises questions about the foundation of corporate governance: the corporate purpose.This book presents various perspectives on corporate governance of sustainability and sustainable corporate governance, bringing together viewpoints from 16 practitioners and academics. It offers practical insights, introduces new perspectives, and invites readers to reflect on their own approaches to integrating sustainability into corporate governance.

Introduction 5From Corporate Governance of Sustainability to Sustainable Corporate GovernanceMichael Hilb 9Section A: Conceptualizations 17Climate Governance: Recoupling the Sustainability and Value PerspectivesBoris Galonske 19Assessing the Sustainability of the Business Model: Firm Governance Using the Sustainable Value Creation Framework and its MeasurementsTomas Casas-Klett and Martin Nerlinger 33The Multipurpose Corporation as a Driver for Sustainable Value CreationMichael Hilb 54Section B: Interpretations 63Trust as a Key Aspect of Sustainable Corporate Governance Elena Szederejei and Roderik J. P. Strobl 65Cooperation and Inward Social SustainabilityStefan F. Meier 72Defining Corporate Digital ResponsibilityMonique J. Morrow 85Section C: Applications 91Sustainability as Value Driver: The Corporate Governance PerspectiveReto Schnarwiler 93The Relevance of Shareholder and Stakeholder Engagement for the Board of DirectorsBarbara Dubach and Laura Brechlin with Mirjam Staub-Bisang 102A Practitioner's View: Three Tales of Ambiguity in Governing SustainabilityPeter Brändle 111Section D: Implications 121Shaping The Future Boardroom: 10 Steps Toward Good Climate, Biodiversity and ESG GovernanceHelle Bank Jorgensen 123The Positive Impact Board - The Future-relevant Business FocusKatrin Muff 135The Strategic Responsibility of the Board of Directors for Comprehensive Sustainable Corporate GovernanceAntonio Hautle 143