Board Directors are Held Responsible for Climate Impacts
“Climate change has become a defining factor in companies’ long-term prospects… Where we feel companies and boards are not producing effective sustainability disclosures or implementing frameworks for managing these issues, we will hold board members accountable.”
—Larry Fink, Chairman and CEO BlackRock
This is a clarion call for Board Directors to quickly gain an understanding of their organizations’ exposures to climate impacts, as well as potential opportunities. Boards must consider the implications of climate for their industry, their business model and to their fundamental Purpose.
With a topic this complex and far reaching, the question is how to start. Plan C Advisors offers a succinct 9 step process for identifying organization’s materials risks and opportunities driven by climate.
Plan C’s mission is to serve Boards of all size companies to drive climate action in their organizations. Enlightened business leaders have a long legacy of positively impacting society. That leadership has never been more important than now, in addressing our climate crisis.
“On the topic of climate change, corporations are under pressure – from “activist” investors, millennial employees and concerned consumers – to fill a void currently left by the government. As a Board member, I want to know how to define the problem, how to disclose what we are doing about it, and how to answer our constituencies.”
—D’Anne Hurd, Audit and Nom/Gov Committee Chair