Explainers

This explainer provides an overview of the evolving and interconnected landscape of climate targets, metrics, reporting standards and frameworks for non-executive directors (NEDs).

Chapter Zero and White & Case held a session for non-executive directors (NEDs) in May 2023 offering practical advice and insights on the key legal duties and obligations of NEDs in relation to climate change. Here are the key takeaways.

In 2023, Chapter Zero partnered with McKinsey for a three-part event series that explored the impact non-executive directors (NEDs) can have in the boardroom to help their organisations achieve net zero. The first of these sessions, held on Tuesday 6 June, focused on the strategic fundamentals of green growth, and how NEDs can support organisations to move from pledges to plans and help them achieve low-carbon growth. We have summarised below the key takeaways of this event.

This Carbon Trust article outlines how transition financing mechanisms can be reformed to deliver genuine progress on emissions reductions.

In this three-part series on climate scenario analysis, KPMG examines banks and other financial institutions’ end-to-end climate risk scenario analysis models.

Due to improvements in the ability to trace losses from extreme weather events back to emissions, climate-related litigation risks are increasing at many companies. How does loss attribution work, and what are the implications for investments?

In March 2023, the UK Government published a suite of documents outlining its latest climate and energy policy. ‘Powering Up Britain’, the flagship report, highlights key points from the Government’s updated Energy Security and Net Zero plan. This summary outlines the key messages and implications for non-executive directors.

The IPCC Sixth Assessment Report containing the latest scientific knowledge on climate change has been completed. Here are the key takeaways for NEDs.

The Taskforce on Nature-related Financial Disclosures (TNFD) was established in 2021 in response to the growing need to factor nature into financial and business decisions. The TNFD is a global, market-led initiative with the mission to develop and deliver a risk management and disclosure framework for organisations to report and act on evolving nature-related risks and opportunities.

This guide, produced by the World Economic Forum and the Climate Governance Initiative in collaboration with Deloitte, explores risks and opportunities related to nature loss and outlines key steps Chairs, non-executive directors and board members can take to incorporate nature as core to business strategy.

The Government’s Net Zero Review published on 13 January 2023 explains the economic benefits of reaching net zero and recommends key policies that would help the UK meet this goal. This summary outlines these opportunities and recommendations, and how they are relevant to non-executive directors.

Race to Resilience and Race to Zero present clear, simple mitigation breakthrough goals defined for ~30 major sectors in the economy.