Climate Change Litigation – What Board Directors Need to Know
23 June 2022
Climate change litigation is increasing, both in terms of the number of cases being brought and the routes which claimants are taking. Litigation against companies is increasing, and claims are now being brought against directors and officers for their actions or perceived inaction on climate issues in their governance, disclosure and oversight of risk management and strategy.
The Commonwealth Climate and Law Initiative (CCLI) has partnered with the Climate Governance Initiative (CGI) to prepare this Quarterly Update for the CGI network. This is the first update of a series of quarterly learning materials on climate change as it relates to boards’ duties and governance.
The Sixth IPCC Assessment Report summaries
7 April 2022
The Intergovernmental Panel on Climate Change (IPCC) is nearing the end of its Sixth Assessment Cycle, during which its three Working Groups produce reports summarising the evidence base underpinning climate change.
Working Group 1: Focused on the physical science of climate change
Working Group 2: Focused on how climate change will impact society and the environment, and how the world can adapt to these impacts
Working Group 3: Focused on mitigating climate change by reducing greenhouse gas emissions
The Climate Governance Initiative’s summaries for the three Working Group reports are available here (CGI Website)
Executive Compensation Guidebook for Climate Transition
11 November 2021
Willis Towers Watson, partnering with the Climate Governance Initiative, has developed a guidebook to explore how to drive the climate strategy by meaningfully embedding it within executive compensation frameworks.
Available for download here (wtw website)
An Energy Guide for Non-Executive Directors
Addressing how energy is produced, consumed and managed is a major step in reducing emissions and mitigating the impacts of climate change.
This guide provides non-executive directors (NEDs) on the boards of companies that are developing climate plans with an introduction to the steps they can take to reduce emissions from energy supply and use. It will help NEDs understand smart and sustainable energy, identify risks and opportunities, and recommend the best routes to achieving a net-zero economy.
Access the Guide here (Chapter Zero website)
The Chairperson’s Perspective: Shaping the board’s strategic direction on climate
25 April 2022
We are in a decisive decade to accelerate action against climate change. Choices made over the next decade will impact the world for centuries to come, and business leaders must be advocates for taking action to address climate change within their organisation and beyond.
The World Economic Forum and the Climate Governance Initiative, in collaboration with Deloitte, have designed guides to help equip business leaders with the knowledge and resources they need to take meaningful steps towards a sustainable future.
Download the three guides (CGI Website):
Primer on Climate Change: Directors’ Duties and Disclosure Obligations
24 June 2021
This Primer provides an overview of contemporary evidence that climate change presents foreseeable, and in many cases material, financial and systemic risks that affect corporations and their investors. It then discusses:
general climate obligations in the jurisdictions where The Climate Governance Initiative is present though its global network of national Chapters;
how company law and directors’ duties in these jurisdictions require directors to incorporate climate change into their strategies, legal oversight, and supervision of the companies entrusted to their care;
disclosure obligations; and then
advice to directors.
Read the primer here (CGI Website)
Climate Change Boardroom Toolkit
July 2022 (Updated)
This toolkit's aim is to help Directors understand the key issues relating to climate change and the actions they can take to start addressing them. The main body of the toolkit has been kept short, sharp and to the point, but with drill downs and links to other resources (e.g. WEF and TCFD material) to enable access more detail if required.
This toolkit has been developed for Chapter Zero, the directors’ climate forum, by The Berkeley Partnership working with the Hughes Hall Centre for Climate Change Engagement in Cambridge.
Access the toolkit here (Chapter Zero website)
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