Have corporate sustainability advisory panels had consequential impacts?

During the past several decades — and often with great fanfare — a select number of Fortune 500 enterprises have established corporate-level panels of external advisers to provide specific advice on a growing number of sustainability issues. The exact number of such bodies is not known, but it is not likely to be large. In a 2021 Conference Board evaluation of how companies manage their sustainability activities, only 17 percent of 104 surveyed companies had established such panels. This evaluation of corporate advisory panels focuses on three principal questions: What major roles have they performed? What impacts have they achieved? And how are they likely to evolve in the future?

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