Marking four years of Chapter 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.
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 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 speechThank 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.
 |
 |
 |
 |
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
Plans beyond pledges: Key insights on the role of boards from flagship event
An orderly transition to a low-greenhouse gas and climate-resilient economy demands robust transition planning led by effective and courageous climate leadership by boards. Read the summary from WTW on key insights on the role of boards, as well as perspectives from corporates and investors, from our flagship event.
UK Climate Policy Briefing - November 2023
Our UK policy briefing aims to highlight the latest developments in UK climate policy directly relevant to NEDs. Since our last briefing. there have been significant developments in the climate policy landscape, most notably the Climate Change Committee’s 2023 Progress Report to Parliament and the recent government U-turn on a number of key net zero targets. Although this has generated much discussion among the business community, particularly around contributing to investment uncertainty, other key initiatives such as those on corporate disclosure and transition planning, continue at pace.
Watch: Chapter Zero’s Flagship Transition Planning Event 2023
A full recording of speakers and panels from our flagship event on effective board leadership of the net zero transition held on 1 November 2023 at WTW.
