Navigating dilemmas around climate- and nature-related risks: GARP’s fashion scenario game
“Working with scenarios is particularly important today, as boards try to navigate the complexities of geopolitical upheavals, economic complexities and the ever-increasing impacts of climate change and nature loss.
Predicting the future is increasingly hard, and decisions based on the status quo are likely to come undone. So, companies need to be agile, to test the boundaries of what might happen, to mitigate risk and capitalise on the opportunities of the transition. Scenarios are a way of testing plans against possible future events and looking at what might knock you off course. They should reflect radical but realistic possibilities. They do not attempt to predict what will happen but set out some best estimates of what might.
Scenarios allow boards to test their strategies against not just linear pathways, but future contexts where effects come together with, sometimes, unexpected outcomes, and to debate the best responses to ensure resilience and protect and enhance value.”
Julie Baddeley, Chair, Chapter Zero Alliance
Key takeaways from the workshop
For a full breakdown of the dilemmas, download the designed resource here.
Navigating dilemmas around climate- and nature-related risks: GARP’s fashion scenario gameBoard Discussion Prompts
Good climate governance is all about asking the right questions within and beyond the boardroom. Chapter Zero’s Board Discussion Prompts equip non-executive directors to provide robust oversight and challenge.
View Discussion Prompts hereMissed the event?
You can watch the full recording of the live interactive scenario game here.
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