Key takeaways
Climate scenario analysis in financial services firms: strengthening board oversight and governance
In an online workshop, Chapter Zero and the Climate Governance Initiative explored the critical role of climate scenario analysis and planning for financial sector boards. The big question for the participants was: what does performing these exercises – to understand the future impact of climate on business – mean for boards; and what questions should non-executive directors (NEDs) ask?
Nature risk in the Boardroom - a dilemma scenario game
On 2 October 2024, global non-executive directors participated in the Climate Scenario Game: Nature Risk in the Boardroom, a webinar organised by Chapter Zero, the Climate Governance Initiative and GARP Risk Institute. Attendees acted as the board of a fictional company, voting on critical decisions for four future dilemmas over the next six years. Expert panellists provided insights into the decision-making process and outcomes. This immersive exercise highlighted the urgency of addressing nature risks, equipping participants to tackle policy, legal, market, and reputational challenges within their own organisations.
