Fellows

More than 20 years after ‘The Wisdom of Crowds’ entered the business lexicon, its core insight is more relevant than ever: organisations make better long term decisions when they draw on collective expertise rather than relying on a narrow set of voices. Chapter Zero Fellow, Oonagh Harpur, says there is wisdom to be found on the front line so listen to it.

How should boards think about sustainability and AI? Noela Nakos, Chapter Zero member and former Google Director, and Patricia Rodrigues Jenner, Chapter Zero Fellow, Global Non-executive Board Director and co-Chair of InfraNEDs, recommend that boards should do their research, understand what they can about the role of AI in the future, and what that means for Scope 3 reporting and their corporate ecosystem generally. Boards must think carefully about their fiduciary duty, their companies’ objectives in using AI and consider energy use.

Legal & General (L&G) has invested £4bn of its own money in transition finance, including £1.6bn in renewable energy, £1.7bn in green bonds and £0.7bn in other solutions (such as technology, infrastructure and real estate). This supports the transition and helps with L&G’s resilience to climate risk. It has also launched its Clean Power (Europe) Fund with partners NTR, raising €390m, aimed at investing in Europe’s decarbonisation and energy security. Through its Asset Management business, L&G is holding a £1,117bn slice of the global economy of which £419bn of assets are in responsible investment strategies.