An effective economic, social and planetary transition to a Paris Climate Agreement aligned future is needed
Big business has a critical role to play
- business is responsible for most emissions
- business also responsible for a high proportion of other social and planetary impacts
- business needs to drive down emissions and adapt (too few targets, too little reporting, too little change)
- big business has a disproportionate impact on emissions and in terms of broader influence
- big business easier to reach than SMEs, but influence them through their supply chains
Good governance is key to business change
- corporate governance should enable organisations to set and achieve appropriate goals, control risks and assure compliance to the benefits of its members as a whole
- good corporate governance “incorporates a set of rules that define the relationship between stakeholders, management and the board of directors of a company and influence how the company is operating”
- good corporate governance drives LTV creation
NEDs play an important role in governance
- NED role is to “provide a creative contribution to the board by providing independent oversight and constructive challenge to the executive directors”
NEDs need help to make effective interventions on climate change
- NEDs have education, capability and motivation gaps in this domain
- NEDs face contextual challenges in terms of chair/ CEO/ other board member buy in, standardisation of the way climate change is managed and reported on
- NEDs lack access to and knowledge of relevant 3rd party expertise
An effective NED centric, member organisation focusing on content, education and capability building.
Slingshot