We have an excellent programme of events planned for 2020, with the focus on looking more deeply into scenarios, risk assessment, the opportunities coming from the transition to a net zero carbon economy and sector-specific discussions. Some are listed below and we will notify you of further sessions when we have firm dates.
To stay up-to-date and for event details, visit the Events page on the Chapter Zero website: https://www.chapterzero.org.uk/cz-events.
We have now more than 300 members but need your help to reach our target of 1,000 members by next year’s UN climate change conference (COP26) in November 2020. Please share this link with other non-executive directors that may benefit from this platform: http://www.chapterzero.org.uk/join-us
NB: To register your interest in attending any of the following events, specifically designed to suit the non-executive director audience, please become a member of Chapter Zero.
Climate Crisis Briefings with Deloitte:-
20 November on Choosing metrics and targets
This briefing with Russell Picot, Chair of the HSBC Bank Pension Fund, Paul Dickinson, Executive Chair of CDP, and Manjula Chummun, Head of Finance Sustainability at Tesco was fully booked, but if you wish to hear the speakers the key takeaway video will be on our website soon.
6 December: Climate Crisis Briefings at Deloitte (08.30 – 10.30 a.m. in London)
This is the last in the series and the topic is Financial statement impact and narrative reporting in the annual report. Our keynote speakers will be Sarah Breeden, Executive Director of the Prudential Regulation Authority at the Bank of England, Judith Batchelar, Director of Sainsbury’s Brand and Veronica Poole, Global IFRS Leader at Deloitte.
*If you missed the Climate Crisis briefings in September and October, select Videos on our resources page to view short videos and key takeaway documents.*
Events in 2020
Carbon Trust: Assess climate-related risks and opportunities in your business, now and in the future
This workshop will show how to identify climate impacts and develop scenarios that illustrate potential risks and opportunities, translating these into changes in company value and cash flow. Join us on the following dates in 2020, 08.30 – 11.00 a.m. (registration from 08.00 a.m.) at Carbon Trust’s Central London office: 15 January, 4 March, 11 June, 17 September and 26 November.
12 February – Potential liabilities from physical risk and government’s target of net-zero
Businesses must consider how to best equip themselves to successfully navigate the transition, minimising potential liabilities while looking for competitive advantage. Join this event, held in collaboration with Clyde & Co LLP and Willis Towers Watson, 12 February, 08:30 – 10:30 a.m. Breakfast provided from 8 a.m.
13 February – Carbon Trust: Setting Science Based Targets Workshop
Leading organisations are now setting carbon reduction targets aligned with the latest climate science. A workshop led by Carbon Trust on this important topic following requests from members, 08.30 to 11.00 a.m. on 13 February, at Carbon Trust’s Central London office.
20 February – The role of brand in promoting climate change action, and how this can influence consumers
As more and more companies respond to the climate emergency by targeting carbon neutrality and zero impact, there’s a big risk that brands (whose transformative power stems from being emotive and unique) all start to look and feel the same: neutral. This event will include Chief Marketing Officers as well as non-executive directors and will be hosted by Wolff Olins, who developed the Chapter Zero name and logo. 20 February, 08.00 – 10:30 a.m. in Central London (breakfast from 8 a.m.).
26 February – Climate risk modelling
Predicting extreme weather events and climate risk makes planning for business particularly difficult. This session will explore the latest climate modelling being worked on at Cambridge University, and be followed by a drinks reception at the Judge Business School. A technical briefing held in Cambridge on the afternoon of 26 February, with the Judge Business School, Cambridge Zero and our partners The Hughes Hall Centre for Climate Change Engagement. Participants will include Chief Risk Officers as well as non-executive directors who sit on Risk and Audit Committees.
Need to know
FRC Lab Report
You will have seen the report from the FRC Lab on Climate-related corporate reporting – where to next? which can also be found in the Resources section of our Chapter Zero web site. Along with a number of business leaders and investors, members of the Chapter Zero steering committee contributed to this report to ensure your voice is heard. It contains practical guidance for companies, sets out questions for Boards to consider and practical guidance on reporting using the Task Force on Climate-related Financial Disclosures (TCFD) framework to meet investor expectations.
Low carbon 2020s – a decade of delivery was launched in early November and focuses on the action needed in the next 10 years to deliver net-zero carbon by 2050.
FCA proposal to change the listing rules
On 16 October, the FCA published its feedback statement (following consultation on a 2018 discussion paper) called Climate change and Green Finance: summary of responses and next steps. This includes a consultation in early 2020 on introducing rules requiring listed companies to make climate-related disclosures aligned with the TCFD’s recommendations on a comply or explain basis by 2022.
The world will have a spotlight on the UK when we host COP26 in Glasgow in November 2020. Chapter Zero is planning the best way to engage with this event and to demonstrate how far UK business has come in engaging with the climate change challenge. Being able to show the world that 1,000 chairs and non-executive directors of UK companies had joined Chapter Zero would show how engaged UK business is with the issue. We hope also to be able to promote more Chapters in other countries under the WEF umbrella.
Chapter Zero relationships
We are delighted that the Centre at Hughes Hall is now formally affiliated to the Cambridge Zero initiative, which aims to bring all the academic research taking place at the University to those who can apply it, and that Chapter Zero is seen as a key conduit from Cambridge Zero to the non-executive business audience. Cambridge Zero is sponsored by the Vice Chancellor of Cambridge University and has ambitions to be the leading global centre for climate change research and action. The launch will take place from 18.30 on 26 November in Central London, and the Vice Chancellor of the University and Dr Emily Shuckburgh will explain the importance of this global leadership initiative.
Formal launch of the Hughes Hall Centre for Climate Change Engagement
After a productive pilot year in which the Centre played a major part in the launch of Chapter Zero amongst other climate change and business initiatives, the Centre had its official launch at the end of October. Russell Picot gave the City Lecture on Investing for a Future World, and Dr Emily Shuckburgh, Director of Cambridge Zero, Emma Howard-Boyd, Chair of the Environment Agency, and Dr Stephen Toope, Vice Chancellor of Cambridge University all applauded the work to date in establishing Chapter Zero and outlines the challenges to come.
Chapter Zero as a voice for members
Steering Group members Julie Baddeley and Karina Litvack spoke at a board retreat held by Critical Eye in October. In a straw poll more than 60% of the audience said they had not been part of a discussion on the implications of climate change in their boardrooms. We still have a long way to go.
Sadly, at the end of the month we will be losing our member support manager Sam Munns who must take much of the credit for getting Chapter Zero to where it is today. We are enormously grateful for her work in the past several months. Chapter Zero is well advanced at recruiting for a full-time manager, based in London which is essential for supporting our growing membership.