Climate change is shaping a new reality, creating risks and opportunities for businesses in a diverse number of ways. Investors, regulators and other stakeholders are now challenging companies to take responsibility by adopting an integrated, strategic approach to addressing the climate emergency. However, an uneven level of knowledge about the topic at board level weakens their ability to adequately address it.
Enabling board members with tools to effectively address corporate governance-related climate issues is essential to ensure an equitable and effective transition that achieves the goals of a low carbon economy.
The Climate Governance Initiative was launched by the World Economic Forum in partnership with the Hughes Hall Center for Climate Engagement of the University of Cambridge and, since then, national Chapters in key countries have been set up.
The CGI Method
The Climate Governance Initiative mobilizes boards of directors around the world to address climate change in their businesses. The Global Network of Chapters does this by developing and supporting national associations that equip their members with the skills and knowledge needed to make climate a boardroom priority building on the World Economic Forum’s Principles for Effective Climate Governance.