Getting Started: Setting your strategic ambition
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In partnership with BCG, the third 'Getting Started' webinar in our Transition Planning series will equip non-executive directors (NEDs) to set your strategic ambition for the climate transition by understanding your objectives and priorities, identifying key assumptions and external factors, and identifying key changes to your business model and value chain.
The second stage of preparing a transition plan is setting your strategic ambition – one of the most important aspects of the process as a NED. Following the assessments undertaken in Getting Started #1 and getting to grips with the regulatory landscape in Getting Started #2, the next step is about defining your strategic vision and identifying objectives and priorities for managing that change.
Our third 'Getting Started' webinar will equip non-executive directors with practical tips on how to drive the boardroom conversation from ambition setting to concrete action on climate transition by evaluating the strategic ambition (and related objectives and priorities proposed by the company), identifying key assumptions and external factors underpinning company plans, and understanding the key changes to your business model and value chain, and where the risks lie.
We will tackle the key questions facing boards on strategic ambition, such as:
- How can the strategic ambition influence wider company strategy?
- How can the transition plan be embedded as an integral aspect of a single corporate strategy and align with my wider business model and corporate purpose?
- How do I feed into the objective-setting process?
- How do I engage with the executive to articulate the ambition, and develop a clear narrative and the case for change?
- How do I support the executive in sharing the strategic ambition within the wider organisation and with stakeholders?
In this module, we will cover:
Defining your strategic ambition, while taking into account:
- A strategic and rounded approach to transition planning
- Operating in an interdependent system
- Defining objectives and priorities for responding and contributing to a low GHG-emissions, climate resilient economy, including bottom-up and top-down considerations
- Impacts and dependencies on stakeholders, society, the economy and the natural environment
- Identifying underpinning assumptions and key external factors
| Please note: While this event is tailored for NEDs, it offers valuable insights for others involved in board-level oversight of transition planning. |
About the Chapter Zero Transition Planning series
We are pleased to launch our 2024/25 Transition Planning Series to accelerate transition planning from the boardroom and support non-executive directors navigate some of the more challenging aspects of the transition planning process.
The Chapter Zero Transition Planning Series is designed to help you:
- Explore and understand your contribution to your businesses’ transition plans
- Navigate the more challenging aspects of the transition planning process
- Embed transition plans into business strategy with practical content beyond theory
- Connect and share with your peers on this topic and learn from their successes and challenges
We will take you on a journey from our ‘getting started’ webinar modules to our practical, in person ‘masterclasses’ that go deeper, so you can engage in the series no matter where you are on your climate transition roadmap.
Ruth Cairnie
Chair, Babcock
James Close
Head of Climate Change, NatWest Group
Kirstie McIntyre
Group Head of Sustainability, Pepco
Michel Fredeau
Senior Advisor, BCG
Olga Galin
Principal, BCG
Monica Kuroki
Principal, BCG
Getting Started: Setting your strategic ambition
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Getting Started: Assessing your climate-related risks, opportunities and current position
In partnership with the Carbon Trust, the first 'Getting Started' webinar in our Transition Planning series will equip non-executive directors to prepare for the transition by understanding and assessing climate-related risks and opportunities, identifying key transition levers and exploring how climate transition plans are linked with TCFD recommendations.
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