Boards Impact Forum - Climate Governance exchanges (No 4)

Boards Impact Forum invites you to learn and exchange insights with other board members on the board’s role, company impact assessment, strategy adjustment, transition plans and reporting. The four exchanges are based on World Economic Forums eight Climate Governance Principles.

Meet and and exchange insights with other members of Boards Impact Forum on the board’s role, company impact assessment, strategy adjustment, transition plans and reporting. We recommend that you join all four exchanges, but you may join individual exchanges. Please see below for details as regards topic and content for each exchange.

As these exchanges are for Boards Impact Forum members only, you will need the following password to register: BIF1X 
Please note that you can use the same password for all four registrations.

Do sign up to the individual ones you like to join:
Exchange 1 on Feb 18,
Exchange 2 on March 3,
Exchange 3 on march 14,
Exchange 4 on March 23,

You can read more about the individual sessions below.

Note that there are limited seats, and a confirmation will be shared after application to join.

Please fill in the Board Sustainability Engagement survey by Boards Impact Forum. The questions will be used at the meetings and will give you insights about your board’s status:

To complement, and as a basis for the exchanges, we also provide a digital Climate Learning Journey for board members, over 50 days. The program is based on the Climate Governance Principles from World Economic Forum. The course starts on February 1 and goes until March 22. One day at a time will be revealed and you can always go back and look at days you might have missed. For both the meeting exchanges and for the digital program, you can use a supporting reflection document, available via the same link: 




Board accountability, competence and effectiveness – Feb 18 10.15-11.45



Principle 1 – Climate accountability on boards - The board is ultimately accountable to shareholders for the long-term stewardship of the company. Accordingly, the board should be accountable for the company’s long- term resilience with respect to potential shifts in the business landscape that may result from climate change. Failure to do so may constitute a breach of directors’ duties.
Principle 2 – Command of the subject - The board should ensure that its composition is sufficiently diverse in knowledge, skills, experience and background to effectively debate and take decisions informed by an awareness and understanding of climate-related threats and opportunities.
Principle 3 – Board structure- As the stewards for long-term performance and resilience, the board should determine the most effective way to integrate climate considerations into its structure and committees.

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Password: BIF1X


Board assessment of risk & opportunities with related strategy integration and transition plans – Mar 3 10.15-11.45



Principle 4 – Material risk and opportunity assessment - The board should ensure that management assesses the short-, medium- and long- term materiality of climate-related risks and opportunities for the company on an ongoing basis. The board should further ensure that the organization’s actions and responses to climate are proportionate to the materiality of climate to the company.
Principle 5 – Strategic integration - The board should ensure that climate systemically informs strategic investment planning and decision-making processes and is embedded into the management of risk and opportunities across the organization.

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Password: BIF1X


Board actions on incentivization, reporting and disclosure - Mar 14 10.14-11.45



Principle 6 – Incentivization - The board should ensure that executive incentives are aligned to promote the long-term prosperity of the company. The board may want to consider including climate-related targets and indicators in their executive incentive schemes, where appropriate. In markets where it is commonplace to extend variable incentives to non-executive directors, a similar approach can be considered.

Principle 7 – Reporting and disclosure The board should ensure that material climate-related risks, opportunities and strategic decisions are consistently and transparently disclosed to all stakeholders – particularly to investors and, where required, regulators. Such disclosures should be made in financial filings, such as annual reports and accounts, and be subject to the same disclosure governance as financial reporting.

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Password: BIF1X


Board ensurance of stakeholder exchanges – Mar 23 – 10.15-11.45



Principle 8 – Exchange - The Board should maintain regular exchanges and dialogues with peers, policy-makers, investors and other stakeholders to encourage the sharing of methodologies and to stay informed about the latest climate-relevant risks, regulatory requirements etc.

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Password: BIF1X