Getting Climate Smart in a Changing Environment
In brief: Investors are increasingly focused on environmental, social, and governance issues—particularly climate change. Given that boards are fiduciaries to their companies and shareholders, it follows that directors should pay close attention to the evolution of the risks and opportunities related to climate change. This brief aims to help boards do just that. Developed by Ceres and originally appearing in the 2019 Governance Outlook: Projections on Emerging Board Matters, it explores key trends that corporate boards should keep in mind when overseeing the implications of climate change for their businesses, as well as the effects of these trends on board responsibilities.
This resource can help your board to
- discuss the material impact of climate change on your business or industry;
- integrate the risks and opportunities of climate change into corporate strategy;
- consider the viewpoints of critical stakeholders, including the investor community, on climate-related risks and opportunities; and
- evaluate its governance structure for climate-change oversight.
Most relevant audiences: audit and risk committee members, board chairs, lead independent directors, CEOs