The former CEO of Danone has been tabbed to head a panel setting standards for sustainability in business.
Emmanuel Faber, who left Danone in March after seven years as CEO, will chair the IFRS Foundation, an organization based in London with the mission to guide companies toward more sustainable operations. His job will be to help IFRS write guidelines for disclosure of efforts relating to the environment and sustainability. Faber’s term will begin Jan. 1.
Faber was forced out of Danone after some shareholders became dissatisfied with the company’s performance during the pandemic. During his time there, he led sustainability initiatives, including a metric that relates earnings per share to carbon footprint.
“I’m absolutely convinced personally that sustainability does matter from a strategic standpoint,” Faber told the Wall Street Journal.
