Climate Governance Initiative

Materiality Assessment

The following articles include information on how to address Principle 4 of the Principles for Effective Climate Governance:: Material risk and opportunity assessment - The board should ensure that management fully identifies climate-related risks in the short, medium and long-term, assess their materiality, and takes appropriate action according to the materiality of the risks

26 March 2024

Improving governance on nature-related risks and opportunities

Report exploring how companies are currently integrating nature considerations into their strategies, by analysing the Nature Benchmark: a 2022 – 2023 study completed by the World Benchmarking Alliance assessing 769 companies.

Briefing
31 January 2024

Headlines from Davos on Climate

The World Economic Forum Annual Meeting 2024 took place just a month after the conclusion of COP28, and the outcomes and decisions from COP28 were front of mind during the climate and nature conversations in Davos. In this guest blog, Pim Valdre of the World Economic Forum analyses the key develo...

Insights
23 January 2024

Cemex: Leading the way to net zero in the cement industry

Cemex is focused on applying best practices and the most stringent standards to all of its business units. This approach, coupled with the CEO’s strategic vision and the Board’s continued monitoring, has enabled the organisation to achieve global compliance as regulation evolves and to deliver si...

Case study
23 January 2024

Cemex: Abriendo camino hacia cero emisiones netas en la industria cementera

Cemex se concentra en aplicar las mejores prácticas y los estándares más estrictos en todas sus unidades de negocio. Este enfoque, aunado a la visión estratégica del CEO y a la supervisión continua del Consejo, ha permitido que la organización cumpla a nivel global con las normativas - que están ...

Case study
16 January 2024

CLP Holdings Ltd: Overcoming Barriers to reach net zero in the energy sector

CLP Holdings Ltd has set ambitious targets to decarbonise its operations and support its customers’ transition to a net-zero future, forcing it to confront some difficult strategic choices. A clear vision and mandate from the Board has been instrumental in delivering progress against the organisa...

Case study
17 November 2023

Developments in Climate-Related Litigation, Disclosures and Due Diligence Requirements: What Board Directors Need to Know

This briefing by the Commonwealth Climate and Law Initiative (CCLI) and the Climate Governance Initiative is a resource for navigating the rapidly-evolving landscape of sustainability-related corporate responsibilities.

Briefing
1 November 2023

Chapter Zero's Transition Planning Toolkit

The private sector is witnessing a shift towards establishing, not only the goals, but the actions that are vital for its transition to net zero. Transition Plans outline those actions. This toolkit, created by Chapter Zero provides guidance to board directors in taking the first steps to develop...

Toolkits
16 October 2023

The Taskforce on Nature-related Financial Disclosures (TNFD): a briefing to address nature in the boardroom

The TNFD has published its final Recommendations for businesses and financial institutions to disclose material interactions with nature. These aim to inform better decision-making by companies and capital providers, and contribute to a shift in global financial flows toward nature-positive outco...

Briefing
20 September 2023

NACD Climate Advisory Council launch event: How are US boards tackling the climate challenge?

Summary of the event which launched the National Association of Corporate Directors' (NACD) Climate Advisory Council, and explored US board directors' approaches to seize climate-related opportunities and assess risks in their organisations from the boardroom.

Event Summary
6 June 2023

Corporate climate policy engagement: A briefing for board directors

Conducting corporate climate policy engagement appropriately is critical to creating the conditions that will enable a company to achieve its net zero transition. This briefing, produced with global think tank InfluenceMap, highlights the key issues board directors should be aware of.

Briefing
1 June 2023

How can board directors prepare for the upcoming Taskforce on Nature-related Financial Disclosures (TNFD) framework release?

As stewards of their organisations, board directors will benefit from understanding the Taskforce on Nature-related Financial Disclosures (TNFD) framework ahead of its official launch in September 2023, and its implications for the organisations they represent. This briefing provides guidance to ...

Briefing
20 April 2023

Metro Pacific Investments Corporation (MPIC): A holistic approach to finance, risk, climate and sustainability

Metro Pacific Investments Corporation (MPIC), a leading infrastructure investment company in the Philippines, is embracing bold sustainability leadership in a country highly exposed to climate impacts. With a climate-savvy board driving the organisation’s sustainability strategy, MPIC is committe...

Case study
20 April 2023

British Land: Making sustainability central to business decision-making

Sustainability is shaping the way industry leader British Land does business. Not only does it make business sense, but investors, employees and customers are increasingly demanding that sustainability is central to decision-making. It is also of key importance to the organisation’s board.

Case study
4 April 2023

Integrity Matters: Net zero commitments

Published following COP27, the United Nations’ Integrity Matters report makes 10 recommendations businesses should implement to develop a robust net-zero strategy with credible commitments and a roadmap to evidence-based action. This new briefing for board directors adds key questions board di...

Briefing
6 March 2023

Biodiversity as a Material Financial Risk: What Board Directors Need to Know

This guide highlights the material financial risks and opportunities, and directors’ duties of loyalty and care, related to biodiversity loss. It also provides key questions board directors should ask in the boardroom to engage with management and ensure they are meeting their duties to the company.

Briefing
19 January 2023

The Chairperson’s Guide to Valuing Nature

This guide 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. This guide aims to help Chairpersons drive the conversation to ensure that board members underst...

Guide
1 December 2022

Climate Change and ESG-related risks in Value Chains: What Board Directors need to know

This briefing provides guidance on new, existing and proposed legislation on value chain due diligence, company obligations, and driving due diligence across value chains.

Briefing
10 October 2022

Ambition to Action: Briefing for Board Directors

This briefing summarises the four basic requirements needed for business to move from ambition to action on climate, highlighting the role of the board director.

Briefing
30 September 2022

Climate Change Disclosures: What Board Directors need to know

The Commonwealth Climate and Law Initiative and the Climate Governance Initiative have produced this briefing to give an overview of the importance and relevance of climate-related disclosures to board directors.

Briefing
22 September 2022

The Chairperson's Guide to a Just Transition

This guide focuses on the role of chairpersons and boards in addressing previous systemic inequalities and ensure new systems are fair and inclusive, while remaining profitable and in balance with the needs of the people and the environment.

Guide