Keeping you informed on the climate challenge in the boardroom
The role of business in delivering the UK’s net zero ambition
A conversation with Chris Stark, CEO of the Committee on Climate Change
21 January 2021 | 8.30-9.30am
The Government has just committed to cut UK emissions 68% by 2030. How they achieve this, and the longer-term target of achieving net zero emissions by 2050, will shape the operating environment for all businesses. Boards need to understand what these commitments and the policies they lead to will mean for them.
Join Emily Farnworth, who led the World Economic Forum’s work on Climate Governance, in conversation with Chris Stark as they explore business’ role in delivering the UK’s Net Zero ambition.
Other events for your calendar in 2021
The road to net zero: Setting the corporate agenda for a time of transition
Thursday 25 Febuary 2021 | 9.30-10.30am
A repeat of this interactive one-hour session for those who missed it. The Carbon Trust will give board members the knowledge to effectively engage with senior leadership on the climate and net zero agenda. The session will cover the contextual drivers for action, setting a company’s level of ambition and how to chart a journey towards net zero.
News from November
1. Mandatory climate reporting
Chancellor Rishi Sunak announced the Government’s intention to make Task Force on Climate-related Financial Disclosures (TCFD) mandatory across the economy by 2025. The Financial Conduct Authority has also confirmed that listed companies will have to report for financial periods starting after 1 January 2021. This will present significant challenges for businesses that haven’t addressed TCFD up to now.
To hear more join Chapter Zero and the Deloitte Academy for a webinar on ‘The Regulatory and Standard-Setting Landscape on Climate Reporting’ from 8.30-10.00am on 11 January 2021. Register here
2. Bank of England Climate Stress Test
Andrew Bailey has confirmed the Bank of England’s launch date for the biennial exploratory scenario to stress test the UK’s financial system to the risks of climate change as July 2021. The excercise will use three climate scenarios to test combinations of physical and transition risks.
Find out more with Sarah Breeden, Executive Director of UK Deposit Takers Supervision at Bank of England, at our recent event with Aviva and the London Stock Exchange Group on access to capital and the low carbon transition.
More to read from November
- China’s net zero target and how it can get to it
- The Financial Reporting Council published its Climate Thematic Review giving guidance to corporates on how to improve climate reporting
- Competition and Markets Authority launches investigation into ‘greenwashing’ of marketing that promotes eco-friendly products and services
- South Pole report based on a survey of over 120 sustainability leaders finds lack of corporate action to back net zero commitments
To stay up to date download our list of November’s climate change news and reports on science, innovation, policy and business.
In case you missed it
We’re giving you a break from live webinars in December but you can catch up on events you missed in 2020 with our on demand videos.
“What do non-executive directors need to know about access to capital and the net zero transition?”
We have had excellent feedback from members on the webinar hosted by London Stock Exchange on 27 November. If you missed the event, watch a recording of the whole webinar or catch up on short highlights, starting with Steve Waygood from Aviva Investors.