Conducting corporate climate policy engagement (also known as advocacy or lobbying) positively and appropriately is critical to creating the conditions that will enable a company to achieve its net zero transition. A new briefing, produced by the Climate Governance Initiative in collaboration with the global think tank ‘InfluenceMap’, highlights the key issues that board directors should be aware of.
The Climate Governance Initiative enables board directors to serve as effective advocates for the adoption of a comprehensive corporate climate transition strategy consistent with the goal of reaching net-zero carbon emissions by 2050 or before.
This strategy should align with the goals of the Paris Agreement, in particular, keeping average temperature increases within 1.5°C above pre-industrial levels, as reiterated in recent reports by the Intergovernmental Panel on Climate Change (IPCC). To support this, board directors can promote responsible lobbying efforts on climate and ensure that the policy engagement of their companies aligns with, and supports, the delivery of their respective corporate climate transition strategies.
The briefing should be read alongside the range of additional resources produced by the Climate Governance Initiative, which have been produced to support board directors in their climate transition efforts, including the World Economic Forum’s Principles for Effective Climate Governance and guidance on core topics such as risk management, strategic planning, remuneration, reporting, human capital and stakeholder engagement.
To read the full briefing please click on this link.