Brazilian executive is less optimistic about ESG agenda than foreigners
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July 17, 2021
Sustainable LeadershipEnvironmental, Social, and GovernanceSustainabilityExecutive Search
Executive Summary
The covid-19 pandemic shows that businesses need to seek a purpose.
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Excerpt from the article originally published in Estadão

The Estadão article, "Brazilian executive is less optimistic about ESG agenda than foreigners," quoted Russell Reynolds Associates Consultant Flávia Leão on ESG in Brazil, based on our "2021 Global Leadership Monitor." The article is excerpted below.

The covid-19 pandemic shows that businesses need to seek a purpose. During this time, the pressure on environmental, social, governance actions increased, and the boards forced us to look for alternatives to implement global trends in sustainability and diversity in companies. 

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Research by Russell Reynolds, an executive recruiting firm, surveyed 1,300 global leaders from around the world. The report included CEOs, board members, and directors of large companies – and shows that, when it comes to ESG, Brazilians are more pessimistic than the global average. 53% of executives said they had confidence in the companies' social, environmental, and diversity strategies.  

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For Flávia Leão, director of Russell Reynolds in Brazil, the reticence about ESG must be explained by the very novelty of the debate here. "Suddenly the governing body of large companies – not only modern multinationals, but also national capital business from the old economy – was forced to address not only the environmental and social, but also diversity and inclusion." 

Access the full article in its original Portuguese here.