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Do women on boards drive sustainability strategies: evidence from the S&P 500
Journal article   Peer reviewed

Do women on boards drive sustainability strategies: evidence from the S&P 500

Anna Vysotskaya, Katherine Taken Smith and Lawrence Murphy Smith
International journal of critical accounting, Vol.15(1), pp.105-117
2026

Abstract

environmental, social, and governance ESG women on boards risk sustainability reporting gender diversity
Sustainability is a major issue in modern-day business. This study evaluates the role of gender diversity on corporate boards of directors and its relationship to the management of sustainability strategies, as measured by environmental, social, and governance (ESG) risk. Findings indicate that sustainability reporting practices, as measured by ESG risk at the top 30 companies listed on the S&P 500 (measured by market capitalisation), are not significantly different based on degree of gender diversity of boards. Even so, it is notable that women are well represented on corporate boards, averaging 32.2% of the sample firms. Thus, women play vital roles in corporate leadership, along with their male counterparts, to help companies succeed financially and at the same time to achieve ESG goals.
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https://doi.org/10.1504/IJCA.2026.154613View
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