The Climate Governance Initiative (CGI) supports the growth of groups of board directors around the world to form networks, known as Chapters.
Our Mission, Vision & Values
Our mission is to mobilise boards around the world to accelerate the net zero transition, guided by the World Economic Forum’s Principles for Effective Climate Governance.
Our core purpose is to enable effective climate corporate governance and mobilise boards to act.
Our vision is that a critical mass of boards proactively govern their organisations to ensure they fully contribute to resolving the global climate challenge.
Our values underpin everything we do. We are impact focused, collaborative and entrepreneurial in spirit.
Impact focused – We are highly motivated to make a difference through effective climate governance, using impact as a lens for our decision making.
Collaborative – We work with others who share our goals to achieve our mission, valuing the importance of collaboration over competition.
Entrepreneurial – We are fast acting, creative and learn from our actions and those of others.
The CGI’s unique proposition
The Climate Governance Initiative is driven by a community of NEDs focused on making climate a boardroom priority, building on the World Economic Forum’s Principles for Effective Governance.
Why? Climate change is a global emergency. Business has a crucial role to play in the necessary transition. Boards must take the lead on this.
All Chapters have signed up to our Charter, and commit to upholding the values of the CGI.
Our Ambition 2025
We see the next 3 years as critical in our response to the global challenge posed by climate change. The IPCC report 2021 signals a ‘code red’ for humanity and emissions globally need to be halved by 2030 to ensure average temperature rise does not exceed 1.5 degree by 2050. The business community must act now to move from pledges to action, yet lacks the tools, skills and expertise to do so effectively, to create climate related opportunities and respond to risks. Boards are uniquely placed to drive this change, asking the right questions and providing robust challenge for the long-term resilience of the companies they oversee.
Our ambition is for Boards to be transformed through implementation of the World Economic Forum Principles for Effective Climate Governance. This will be evidenced by the progress of companies whose board members are active members of CGI Chapters over the next 3 years and an overall increase in the number of companies with transition plans compatible with a 1.5 degree scenario. The Chapters of the CGI have an instrumental role to play for this Ambition to be realised, with the support of the Governing Board and Secretariat.
Our Strategic Action Areas
In line with our mission, vision, values, identity and operating environment, as the basis of a plan to achieve our ambition for 2025, our strategic action areas are:
- SUPPORT THE NETWORK: Strengthen our CGI network by engaging the Chapters to build a robust community of climate board leaders, advocates and supporting partners, focusing funding and partnership to deepen our impact.
- DELIVER EFFECTIVE CLIMATE GOVERNANCE CONTENT: Foster and facilitate collaboration, knowledge and content sharing among the Chapter network to equip Non-Executive Directors to implement the World Economic Forum’s Principles for Effective Climate Governance.
- DRIVE FOCUSED, IMPACTFUL GROWTH: Focus CGI growth in the most critical economies that increase our global climate impact.
The CGI is overseen by a Governing Board which consists of four elected Chapter representatives, a World Economic Forum representative, a Senior Advisor and the Head of the Secretariat as an ex-officio member. Each member of the Governing Board brings a wealth of knowledge and experience of boardroom best practise and is committed to promoting effective climate governance in boardrooms globally.
The secretariat is hosted by the Centre for Climate Engagement, which is based at Hughes Hall, University of Cambridge in collaboration with the World Economic Forum. The secretariat has the responsibility of coordinating collaborative efforts among Chapters to advance the CGI’s strategy in addition to supporting the Governing Board.
Our Governing Board
Chairman of the Climate Governance Initiative.
Karina serves on the boards of Italian Oil & Gas major Eni S.p.A., where she chairs the Sustainability & Scenarios Committee, and serves on the Remuneration Committee; Viridor Waste Management Limited, a KKR portfolio company, where she chairs the Board Sustainability Committee; the CFA Institute, home of the professional qualification for investment management professionals, where she chairs the ESG Working Group of the Investment Sub-Committee and serves on the Governance Committee.
Since CoP21 in 2015, Karina has worked to build a global network for fellow board directors that became the Climate Governance Initiative (CGI), home of the World Economic Forum’s Principles for Effective Climate Governance, where she chairs the Governing Board.
Previously, Karina had a 25-year career in Finance, latterly running the Governance and Sustainable Investment activities of UK asset manager F&C Investments*.
* now BMO Global Asset Management, a unit of the Bank of Montreal
Head, Climate Action, World Economic Forum
BA (Hons) in Economics, University of Toronto; Master’s in Environmental Planning, Policy and Regulation, London School of Economics. Formerly: Deputy Director, Energy and Climate, World Business Council for Sustainable Development, Geneva; worked in Bhutan as an adviser on environment and clean energy programmes and at the International Energy Agency (IEA), responsible for IEA’s work on monitoring and evaluating clean energy policy and deployment progress as input to the Clean Energy Ministerial and G-20 processes. Currently, Head of the Circular Economy Initiative, World Economic Forum. 2006, selected for the Young Canadian Leaders for a Sustainable Future programme, International Institute for Sustainable Development.
Chair and Founder, Chapter Zero
Julie Baddeley has served on the boards of major organisations in the public and private sectors for more than 20 years. She is a non-executive director at FTSE 250 company TI Fluid Systems, which is in the forefront of the transition to electric vehicles, Remuneration Committee Chair at Ebiquity plc, and Senior Independent Director of Marshall of Cambridge. She is also Co-Director of the Hughes Hall Centre for Climate Engagement, at the University of Cambridge.
Julie is leading a series of initiatives with investors, academics and advisors to help chairs and non-executive directors recognise the challenge of climate change to their businesses, and their business’ impacts on global warming. Her background was in change management consulting with Accenture, and she sees delivering a zero carbon economy as the biggest challenge for business in her lifetime.
Founder, Chapter Zero Italy
Sabrina Bruno is full professor of comparative company law at University of Calabria and Luiss G. Carli and has served as non-executive director in Italian banks and in an energy listed company since 2012. She is currently non-executive director at Carige Bank (where she is member of the Remuneration Committee and of the Nomination, Governance and Sustainability Committee) and Chairman of the Supervisory Board at Lux Vide S.p.a. She is the author of two monographs and several articles and chapters published on Italian and international editions on corporate governance, sustainability, directors’ duties and liabilities with particular reference to climate change. She obtained an M.Litt. Degree from Oxford University (1990-1993) and was Fulbright Visiting Scholar at Harvard Law School (2010) and Visiting Scholar at Stanford Law School (2019).
Chair and Co-founder, Boards Impact Forum, the Nordics Chapter
Liselotte Engstam is a Chair at FCG Group (priv), a Non-Executive Director at TietoEvry(publ), Transtema(publ), Zalaris(publ), Ografy(priv) and at the academic foundation IMIT.
Engstam is the founder of Digoshen, a Think Tank hosting board membership networks and programs, is an affiliated academic researcher in board topics, and co-author of several books about boards.
She has a background from international executive leadership positions in major European, American, and Indian companies in technology, engineering, and professional services sectors. Engstam holds an M.Sc. in Engineering and Sustainability from Chalmers University of Technology, an international board certification (IDP-C) from INSEAD, is a Fellow at the Institute of Coaching, Harvard Medical School, and was appointed one of 2021 Modern Governance Top 100 in the world.
Steering Committee member, Climate Governance Singapore; and Co-founding member, ASEAN Climate Governance Network
Shai Ganu is passionate about enhancing board effectiveness, combating climate change, ensuring cognitive diversity on boards, embedding ESG priorities, and driving meaningful behavioral change through incentives and human capital governance. He is the Global Leader for Executive Compensation & Board Advisory business at WTW. Based in Singapore, he has extensive experience working closely with some of the largest companies in the world on Remuneration Committee, Nomination Committee, and Sustainability Committees issues.
Shai serves on Boards and HR Committees of leading companies and not-for-profit organizations in the region. He is a Fellow and Governing Council member of the Singapore Institute of Directors (SID), chairs its Partnerships Committee and is also a member of its ESG Committee. He is also a faculty member with universities and at director associations in the region, teaching courses for current and aspiring Board members. He was also the WTW sponsor and engagement leader for recent collaboration with CGI on the Executive Compensation Guidebook for Climate Transition.
Co-founder and Co-Chair, Chapter Zero México
Yves Hayaux-du-Tilly is a Partner of the Mexican law firm Nader, Hayaux & Goebel, head of its (Re)Insurance Practice and its Sustainable/ESG Transition Working Group. For more than thirty years he has been a trusted advisor of multinationals, Mexican and foreign investors in mergers, acquisitions and financing transactions, corporate and governance-related matters.
Yves has been serving over twenty two years as non-executive director and secretary of the board in various financial institutions; he currently serves as non-executive and independent director of Dentegra Seguros Dentales, Pensiones Principal, Sofia Salud and GNP International Ltd.
Yves is a co-founder of the Mexican Chamber of Commerce in Great Britain (MexCC) and served as its Chairman from 2011 to 2019. He also served as Chairman of the Mexican Association of Insurance and Bonding Law (AMEDESEF). He is currently a member of Chapter Zero UK (the Director’s Climate Forum), founder and Co-Chair of Chapter Zero México, the Climate Governance Initiative, member of the Presidential Council of the International Association of Insurance Law (AIDA), and honorary member of the Commercial Bar Association (COMBAR).
Board and Executive Committee member, Chapter Zero Chile
Luksic Fellow at Harvard’s David Rockefeller Center for Latin American Studies (DRCLAS) in Cambridge, Massachusetts, and senior international consultant at the inter-American Development Bank (IADB).
Former Managing Director of InvestChile, the country’s foreign investment promotion agency; former head of trade and investment policy at the World Economic Forum, where he was also a member of the B20. Served at the Ministry of Foreign Affairs of Chile, including as Trans-Pacific Partnership (TPP) lead negotiator on trade and environment, and at the UNFCCC’s COPs. He holds masters of Laws and in Public Administration from Harvard, and is a Chilean and a Swiss national.
Cristián serves on the boards of Start-Up Chile – the leading start-up accelerator in Latin America –, Chapter Zero Chile, and the Climate Governance Initiative, where he chairs the governance committee.
Head of the Secretariat
Emily Farnworth is Co-Director of the Centre for Climate Engagement at Hughes Hall, University of Cambridge. She has over 25 years of experience working with businesses, governments and non-profit organizations to support the transition to a low-carbon economy. She was previously the Head of Climate Initiatives at the World Economic Forum where she was involved in setting up the Climate Governance Initiative (now hosted at the Centre for Climate Engagement), the Alliance of CEO Climate Leaders, the Mission Possible Partnership and the Natural Climate Solutions Alliance. She is chair of the RE100 Advisory Committee, a member of the Carbon Pricing Leadership Coalition Advisory Group and a member of the We Mean Business Grants Advisory Committee. She is also a member of the University of Cambridge Sustainability Committee. Emily holds a Masters in Environmental Science, Management and Law from Brunel University London.
Networks in 31 countries worldwide
There are currently 20 Chapters, in:
- New Zealand
- The Nordic countries
Other chapters in development include:
- Central America & Caribbean
- Hong Kong
- Ukraine & Caucasus
Some of the host organizations of local chapters have an extensive membership of NEDs, for example:
Join a chapter
If you would like to join a chapter, please use the Twitter, Linkedin and website links on our chapters page to make contact with your local chapter.