Welcome to our April Bulletin pointing you to the latest resources to enable high quality and effective boardroom discussions on the impacts of climate change on your business.

  • Chapter Zero now has a membership of more than 750 (700 in March).
  • 44 of the companies in the FTSE 100 have at least one Chapter Zero board member (42 in March). The chapter now has members on 137 boards in the FTSE 350.

Latest Chapter Zero news

  • Our latest initiative – The Directors’ Climate Journey – launches this month. This new initiative, developed by the team at Chapter Zero, sets out eight steps to help non-executives initiate and participate effectively in conversations about how to respond to the climate challenge. Join us on Wednesday 29 April to hear Chapter Zero steering committee member Susan Hooper discuss this in further detail.
  • On 7 April, Julie Baddeley, Chair of the Chapter Zero Steering Group wrote to our members – in case you didn’t see it, read the full letter here.
  • Gillian Karran-Cumberlege, another member of our steering committee, will be speaking at the Climate Action Inspiration Sessions during Edie’s Net Zero Week on Tuesday 19 May 2020.

Register for our upcoming webinars

The business response to the climate challenge
Wed, 29 April, 2020 | 9:00 AM – 10:00 AM
Register for the event

Organised by Chapter Zero and Willis Towers Watson, we’ll be joined by Rain Newton-Smith, Chief Economist at the CBI, Chapter Zero supporting chair, David Tyler, Chair of Hammerson plc, Rowan Douglas, Head of Climate and Resilience Hub at Willis Towers Watson and Susan Hooper, non-executive director on several boards, including Wizz Air, Affinity Water and Uber UK.

How can boards deliver net zero carbon business strategy?
Mon, 18 May | 9:00 AM – 10:15 AM
Register for the event

Organised by Chapter Zero and the University of Cambridge Institute for Sustainability Leadership (CISL), this webinar will examine how board members can manage climate risks and play a critical role in the transition to a low carbon future against the backdrop of COVID-19 and the need to rebuild a stronger economy.

We have a number of other digital events planned for 2020, click here to view the full list.

What we’re reading

UK postpones COP26 to 2021

Earlier this month, the UN stood alongside the UK as the forthcoming COP26 President announced the news that the key COP26 climate conference will be delayed until 2021. The full announcement can be found here.

“There is an opportunity in the recovery from the Covid-19 crisis to create a new approach to [economic] growth that is a sustainable and resilient economy in closer harmony with the natural world,” said Nicholas Stern, one of the world’s leading climate economists. “That will be the challenge and opportunity of COP26 next year. We must use this time well.”

COP26 President & Business Secretary, Alok Sharma calls for countries to work together on climate change has they have on COVID-19

Marking the 50th anniversary of Earth Day, COP26 President and UK Business Secretary, Alok Sharma, alongside Italian Environment Minister Sergio Costa, reiterate the need for global collaboration and ambition on climate change. Reflecting on the challenge of rebuilding the global economy, the Ministers urge for a focus on supporting a clean, inclusive and resilient recovery building on the principles of the Paris Agreement and the Sustainable Development Goals.

Major investors warn companies against backtrack on climate change

As the AGM season approaches, eight investment groups, including BNP Paribas Asset Management, DWS and Comgest Asset Management have urged companies to maintain their focus on reducing carbon emissions, even as businesses grapple with the economic fallout of coronavirus.

LGIM launches Active Ownership report

Legal and General Investment Mangers (LGIM) launched its annual Active Ownership report, detailing its voting records for 2019 and the topics LGIM’s stewardship team will be focusing on in 2020. Climate change (featured on page 8) highlights the following:

• LGIM supported more shareholder resolutions on climate change than any of the world’s 20 largest asset managers
• LGIM published its second annual ranking of climate leaders and laggards, naming 11 companies that have failed to demonstrate sufficient action, including ExxonMobil
• LGIM co-filed its first ever shareholder resolution, which led to oil major BP adopting industry-leading climate targets

Sir John Kingman, the Chairman of Legal & General, parent company of LGIM, is also one of Chapter Zero’s supporting chairs.

Attenborough warns last chance to save the Earth

In case you missed it you might be interested in the interview with Sir David Attenborough on the Andrew Marr show earlier this month.
In a film to be launched later this year, described as his ‘witness statement’, Sir David gives a stark warning that humanity is facing the ‘last chance’ to change its behaviour to avoid catastrophic damage to the planet caused by climate change.
He urges people to ‘stop waste of any kind’, including energy, food and plastic. He says that failing to reduce emissions will push the world through a ‘one-way door’, with irreversible consequences for life on earth.”
Watch the interview here  and a clip of the film here.

The full release of the film has been delayed by the closure of cinemas – Chapter Zero is exploring hosting a private screening for members in the Autumn.

Third party webinars available on demand 

Green Alliance: COVID-19 and COP26: what next for action on climate change?

Cambridge Institute for Sustainability Leadership: Bank 2030: Accelerating the transtion to a low carbon economy. Read the report here.

Carbon Trust: Time for action: setting net zero targets

Carbon Trust:  What is carbon neutrality and how do I achieve it?

Edie: Building sustainable, climate-resilient supply chains for your business 

Edie: Pathways to net-zero: decarbonising your business in the 2020s

Resources available to you

1. Third-party content: Chapter Zero curates the latest in thought-leadership on the topic of climate and the impact on your business. Click here for the easy to use summary of the most recent publications from third parties added to our website repository;

2. Digitised events in 2020: join our live stream webinars and third party recordings available on demand;

3. Links to newsletters to stay up to date: enjoy reading all the latest news by signing up newsletters as suggested by our members:

  • Bloomberg Green (£): It will provide real time insights on the latest in science, environmental impacts, zero-emission tech and green finance which could have knock on consequences for your strategic decisions.
  • Carbon Brief: This morning briefing is a digest of the past 24 hours of media coverage related to climate change and energy, as well as a selection of the key studies published in the peer-reviewed journals.
  • Edie: current affairs, climate policy, consumer trends and corporate responses.
  • Grantham Institute: The Grantham Institute mailing list provides weekly summaries of the world-class research and innovation the university is involved in, with a view to assist business decision makers.
Chapter Zero curates content for convenient use by its members but does not express a view regarding the contents.

Board changes

Please let us know of any changes to your appointments so that our records are kept up to date by emailing admin@chapterzero.org.uk