The links between climate change and business are becoming increasingly evident and inextricable. Business decisions and actions will slow or accelerate climate change, and climate change will drive risks and opportunities for business.

Boards of directors play a critical role in ensuring the long-term stewardship of the companies they oversee.

Chapter Zero Ukraine & Caucasus mobilises boards of directors  from Ukraine, Georgia and Armenia to support them in adopting an integrated, strategic approach to addressing the climate emergency.

The tasks of Chapter Zero include close cooperation and engagement of board directors within the following areas:

Giving a board-level understanding of current mandatory and voluntary standards related to identifying, managing and mitigating climate risks.

Providing an understanding of how climate factors inform investment decision-making, consistent with the delivery of their companies’ climate transition strategy over the near, medium and long term.

Providing an understanding of how the executive remuneration policy incorporates climate-related KPIs that are aligned with interim milestones on the pathway to delivering their companies’ climate transition strategy.

Explaining how to align companies’ public policy positioning, so as to ensure consistency with their long-term climate transition strategy.

Explicate on the ability to contribute an informed, independent, “outside-in” perspective into the boardroom to help inform and enrich debate and complement the internal expertise of management.

Who can join?

Members of boards of directors in Ukraine, Armenia and Georgia.

Is your Board climate-aware?

There are many guiding questions that have to be answered by board members to verify whether their company sufficiently integrated climate considerations into corporate governance processes. Here are some of them:

  • How does the board ensure that the company develops and encourages climate dialogue and methodology sharing among industry peers, investors, regulators and other stakeholders?
  • How does your board maintain its awareness about good climate-governance practices? Which high performing technology and latest know-how could be implemented?
  • Does your company organize stakeholder dialogues and encourage the participation and inclusion of all relevant stakeholders (customers, regulators, NGOs, academia etc.)?
  • Is the board kept regularly informed of, does it approve, and does it supervise consistent conduct of the company’s industry and public policy engagement?
  • How does the board ensure that climate risks and opportunities are being adequately discussed with investors, where legal and governance arrangements allow for such a dialogue?

If you would like to learn more about these guiding questions and increase the climate awareness of your organization visit our Knowledge Hub. Join th Chapter!

Learn more

We strive to mobilize chairs, non-executive and independent directors through enhancing their skills in climate governance and climate action.

Latest News

23 November 2021
With COP26 having drawn to a close, the Climate Governance Initiative (CGI) can look back on these two weeks with a mix of hope and relief, thrown in with concern for the opportunities missed, and a renewed determination to play our part as board members in confronting the challenges that…
11 November 2021
As organizations acknowledge the need to transition to a net zero business model, investors expect board members not only to drive the adoption of a credible climate transition strategy, but also to provide clear evidence that its execution has been embedded effectively across all key management processes, including enterprise risk…
2 November 2021
As the global UN COP26 climate talks commence in Glasgow, the international Climate Governance Initiative (CGI) has called on board directors across the world to place the climate transition at the heart of corporate strategy and board decision-making. In a statement released today, the CGI points to warnings from Mark…
2 November 2021
The Intergovernmental Panel on Climate Change has shown that human activity is unequivocally causing our climate to change, and this is already affecting every region of the world. Climate change is the single-greatest threat to global systemic financial stability, and its impacts will be felt by all companies. It poses…

Upcoming Events

6 December 2021
Date: Tuesday, 11th January 2022 Time: 8:30am - 10:00am (GMT) Location: online Chapter Zero UK in collaboration with Deloitte ogranise the event. It will explore the development, implementation and timing of the global ISSB sustainability standards, including how they may be brought into regulations around the world. We will also set out…
1 December 2021
Date: Wednesday, 8th December 2021 Time: 1:00pm - 2:30pm (GMT) Location: Online   This seminar will give non-executive directors of financial institutions an overview of the climate risk reporting frameworks that exist worldwide. It is organized by Chapter Zero United Kindom in collaboration with Deloitte and HSBC. During this interactive workshop, we…

We strive to mobilize chairs, non-executive and independent directors through enhancing their skills in climate governance and climate action.

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