ON THE BOARD AGENDA
Investors care about climate change competence in the Boardroom, as do regulators, NGOs and a broad range of stakeholders.
This has led to a tremendous upskilling in UK and international Boardrooms. With our focus on building Board capability, Fidelio has been actively supporting Boards to increase their effectiveness here. Search, Evaluation, and Development assignments have all addressed gaps in climate competence and governance.
There is a tendency to focus on the technical requirements of measuring and reporting progress in decarbonisation, as well as setting out ambition and transition plans. But the technical should not cloud the very real contribution that Boards will need to make on the path to Net Zero.
Yes, Boards need at least a minimum level of climate competence to effectively challenge and guide the Executive. Principally, however, Boards need to be able to exercise good judgement and decision-making. This requirement is all the more acute given the highly imperfect information upon which climate change planning and strategy is necessarily based.
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