The world is headed towards a zero-carbon economy and private organizations have a major role to play in this transition. For every organization, its processes and values are shaped by both the external environment and the internal board governance
. As climate change is bringing in new risks and opportunities, businesses should look towards building effective climate governance. Board members are expected to identify and appropriately address climate-related risks.
It is not as easy as it sounds. What is climate governance? Who is an expert on climate governance? Will general governance strategy work for climate governance? What should be the board structure? A daunting task, isn’t it? Simply put, you need to partner with a board governance services firm
and build a board that not only understands but also can mitigate the risks related to climate governance.
Climate governance refers to the policies of an organization that it puts in place to handle the financial risks related to climate change. Here we are solely talking about the risks concerning an organization and not the society at large. It can be physical risks, like damage caused due to a natural calamity, leading to disruption in business operations. It can even be a transitional risk that an organization has failed to anticipate. Now climate change is a complex topic, new for all, and hence it cannot be handled using traditional board governance.
The way out lies with our board member recruitment consultants
. Climate change is a strategic issue and the financial risks related to climate change have to be addressed by the board. Without a proper climate governance strategy, an organization can never deal with the threats and risks of climate change. We have experts who can identify the right set of people for your board. The board structure should be such that it can understand, comprehend, and take action on climate-related risks. We ensure that we help you in structuring your board appropriately.
Climate governance isn’t a piecemeal strategy. Hence, you need to align this with your overall organization’s strategies, policies, vision, and mission. At the same time, you should ensure to communicate the same downstream and make sure that your workforce is aware of the climate governance policies. Our industrial professional recruitment
experts will help you design your strategies and communicate them through all the levels in the hierarchy.
All our solutions are in line with the guidance published by the World Economic Forum (WEF) on corporate governance. The WEF guidelines are based on eight principles starting from climate accountability right up to reporting and disclosure. Do not worry about these standards, our experts will take care of them and make sure that you, as an organization abide by all of them.
By building effective climate governance strategies, you not only mitigate financial risks but also enhance your company’s image in front of your customers and stakeholders. Climate change is an inevitable reality and the best way to deal with it is to be prepared to neutralize the threats and cash on the opportunities.
If you are looking to improve your climate governance, reach out to us and get the best team on board. At The Taplow Group we help you source the best-fit for your organization’s leadership through our executive search consultants
. To know more about our services like leadership coaching, professional hiring, management consulting, reach out to us at www.taplowgroup.com