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Shaping the board’s strategic direction on climate

The Chairperson’s Perspective

We are in a decisive decade to accelerate action against climate change. Choices made over the next decade will impact the world for centuries to come, and business leaders must be advocates for taking action to address climate change within their organisation and beyond.

Navigating trade-offs and opportunities in a climate-driven future

Climate change is a global emergency. Business leaders will play a crucial role in the transition to net-zero and are uniquely positioned to leverage their resources to collaborate and innovate on sustainability solutions. This is a question of ensuring the long-term viability of our livelihoods and harnessing the opportunities of a low carbon economy. Put simply, organisations that don’t take into consideration the sustainable use of resources, will not have a viable business model in the decades to come. This is the first of a series of guides aimed at helping chairs and board directors create authentic change by providing the resources to take calculated steps towards a sustainable future. Business leaders must be bold and fearless, and must be very clear about the kind of legacy they want to leave for future generations.

Download a copy now

Chair’s guide to climate action

Climate change is a global emergency. One that will impact every person on Earth, and a challenge which will require collaboration across the public, private and financial sectors to address. Business leaders play a crucial role in the transition to a net-zero economy and are uniquely positioned to leverage their resources to collaborate and innovate on sustainability solutions across industries and disciplines.

Boards play a vital role in guiding businesses and markets towards a more sustainable future. They provide leadership and direction to management, ensuring that long term views are captured in current decision-making. Boards must be properly educated in order to ask the right questions – know where to push and how to find robust solutions. The aim is to bring together the best practices from chairs who are leading the way on climate, to continue pushing ambitions and raise the bar for positive action.

Deloitte, in association with the World Economic Forum and Climate Governance Initiative has designed guides to reveal key insights from chairs leading climate action, consider how key stakeholder groups are responding to a climate driven future and help chairs understand the decarbonization roadmap.

Three briefing papers have been published by the World Economic Forum and the Climate Governance Initiative as part of an ongoing series of thought leadership designed to enhance climate competence and steward climate action by board directors across the globe. Each paper raises the critical questions chairs and board members should be asking each other and their executive leadership teams. You can read more about the collaboration and the papers on Sharon Thorne’s blog for the World Economic Forum here.

Highlights from COP26 – how boards can build effective climate governance

Hosted by the UK in late 2021, The COP26 summit brought parties together to accelerate action towards the goals of the Paris Agreement and the UN Framework Convention on Climate Change. After 13 days of intense negotiations, COP26 concluded on Saturday 13th November 2021 with every Party at COP26 - representing almost 200 countries - agreeing the Glasgow Climate Pact. This global agreement will accelerate action on climate this decade, and finally completes the Paris Rulebook.

Hear from Olivier Schwab, Managing Director at the World Economic Forum, and Sharon Thorne, Deloitte’s Global Chair, as they discuss the key takeaways of COP26 and how boards can build effective climate governance.

Related Insights

Three briefing papers have been published by the World Economic Forum and Climate Governance Initiative as part of an ongoing series of thought leadership designed to enhance climate competence and steward climate action by board directors across the globe. Each paper raises the critical questions chairs and board members should be asking each other and their executive leadership teams.

Meet the Deloitte team

 

Shane Thorne
Deloitte Global Board Chair
globalchair@deloitte.co.uk

John O’Brien
Partner, Sustainability & Climate, Deloitte Australia
johnobrien@deloitte.com.au

   




Dan Konigsburg
Global Corporate Governance Leader
dkonigsburg@deloitte.com




Rebekah Cheney
Director, Climate Governance, Deloitte Australia
rcheney@deloitte.com.au

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