Climate change will lead to political instability and loss of natural resources – all corporations depend on both.

The framework developed by Chapter Zero will help with embedding systemic responses that facilitate good climate governance.

Director's Climate Journey

Who should take the journey?

All non-executive directors  committed to good climate governance and risk management.

Especially board chairs wanting to shape the board agenda on climate change, chairs of audit or risk committees leading the governance of climate change risk and reporting, remuneration chairs incentivising behaviour.

Board Directors wishing to understand the key business risks and opportunities for value creation, as well as ensuring sustainability.

Impacted sectors

Supply chains

Supply chain emissions are often responsible for the biggest share of the corporate carbon footprint. It is essential to control them.

Food

What we eat has a significant impact on greenhouse gas emissions. Agriculture is responsible for roughly one-third of global greenhouse gas emissions. Using less invasive technologies and promoting more sustainable eating habits are natural candidates for more sustainability.

Transportation

This includes logistics and travelling. It can include product shipments via sea freight instead of air.
It also includes incentivizing eco-transport among employees.

Energy

Electricity, heating and cooling create emissions. It is vital to focus on facilities in the entire value chain including offices, storefronts, factories and third-party warehouses.

Awareness and context

Examples of implementation

Key climate considerations to use as you adapt the strategy, set targets and monitor progress.

Financial implications of the climate change challenge

The BOEs discussion paper on 2021 stress tests: The 2021 biennial exploratory scenario on the financial risks from climate change discussion paper.

Read Larry Fink’s letter to CEOs discussing the Fundamental Reshaping of Finance.

Assess your business’ resilience in light of these macroeconomic scenarios:

  • Early policy action scenario
  • Late policy action scenario
  • No additional policy action scenario

You will read the views of the largest asset manager in respect of the impacts of climate change on business and how it is now an integral part of the portfolio construction and risk management.

  • Help the Board recognise the need for action and specify an intended high-level direction of travel
  • Provide a platform from which to initiate/direct the in-depth scenario analysis and planning that will be needed to identify and implement specific improvements
  • Help the Board with its considerations around the development of the strategy, setting objectives and targets and implementation plan

IBF Climate Governance Guidelines


On the corporate governance of climate change and biodiversity

World Economic Forum’s Guiding principles and questions


How to Set Up Effective Climate Governance on Corporate Boards: Guiding principles and questions

Join us!

Membership of Chapter Zero is open to all board directors of organisations with more than 10 employees.

The membership is free of charge and will give members access to a wealth of information and events to inform and inspire themselves as well as giving them the opportunity to connect with like-minded directors.

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