Marking_four_years_of_Chapter_Zero
19 Apr 2023

Marking four years of Chapter Zero

Last night we marked four years since the formation of Chapter Zero with the help of more than 150 of our members, partners and supporters in an event at the Banking Hall.

The dinner was sponsored by the Global Association of Risk Professionals (GARP), and featured a keynote by Sarah Breeden, who delivered an official speech in her capacity as Executive Director, Bank of England. She reinforced the importance of each of us playing our role, engaging with the challenges we need to overcome, and continuing to learn as we work together to make the transition to net zero.

The dinner was sponsored by the Global Association of Risk Professionals (GARP), and featured a keynote by Sarah Breeden, who delivered an official speech in her capacity as Executive Director, Bank of England. She reinforced the importance of each of us playing our role, engaging with the challenges we need to overcome, and continuing to learn as we work together to make the transition to net zero.

Speech

The responsibility for driving forward the transition to net zero is not only for governments and the authorities in building the frameworks. As NEDs, it includes all of your firms in using those frameworks. And you can, and must, make progress now whilst policy is developing – ahead of regulation and to support the development of best practice. A necessary foundation for that is investing in education to increase your staff’s understanding of climate issues. Without that, none of this can happen. Transition plans are fundamental to driving the right transition. They allow financiers both to manage their risks and to allocate capital to support real economy decarbonisation. And by highlighting where there is clarity about the way forward and where gaps remain, they compel the right conversations. I encourage you all to engage in them now.

Sarah Breeden, Executive Director, Financial Stability Strategy and Risk, Bank of England

Read Sarah Breeden’s full speech

Read Sarah's full speech

Thank you to those who were able to gather with us on the night, for all the wider support and everyone who has been involved over the past four years. We’ve come a long way and, with our strong community, we have the potential to go much further and write the next chapter.

Inspiring

I am so grateful to everyone that has played a part in getting us to where we are now, and seeing so many of our valued partners and supporters in the same room was inspiring.

Julie Baddeley, Chair of the Board, Chapter Zero

Related Content

Explainer | 24 Mar 2025

Leveraging regulation (part 2): The pathway to resilience and growth

By steering their organisations beyond compliance, NEDs can help harness sustainability reporting as a lever for resilience, innovation, and long-term leadership. Part 2 of this two-part insights piece, from Chapter Zero Fellow David Carlin, explores three key ways that boards can leverage their approach to regulatory changes to gain competitive advantage.

Collaboration with Deloitte Academy
Explainer | 21 Mar 2025

Read: 2025 Sustainability Regulation Outlook

Read this summary from the Chapter Zero and Deloitte Academy webinar, where we explored the Deloitte Academy’s third annual flagship report, focusing on the topics that are considered most critical through the lens of their potential to affect business strategies, operating or financial models for 2025.

Collaboration with Centre for Climate Engagement
Explainer | 19 Mar 2025

UK Climate Policy Briefing - March 2025

Our UK policy briefing aims to highlight the latest developments in UK climate policy directly relevant to NEDs.