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Climate Governance: Equipping Corporate Boards to Mitigate Climate Risks and Seize Climate Opportunities

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Climate Governance: Equipping Corporate Boards to Mitigate Climate Risks and Seize Climate Opportunities

Year Published

2023

Contributing Organizations

International Finance Corporation
The World Bank Group

Type of Resource

Guidance

Languages

English

Relevant Topics

Core Topic
Organizational Change & Leadership
Topic 2
Risks & Opportunities: The Business Case
Topic 3
Risk Management

Target Audience

All

Relevant Geography

Global
Climate Governance: Equipping Corporate Boards to Mitigate Climate Risks and Seize Climate Opportunities

Resource Description

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Why This Matters

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Key Insights

This resource offers guidance to Boards of Directors on climate governance and recommended practices to assist them in identifying and overseeing climate-related risks and opportunities. The tip sheet included in this resource presents the business case for introducing climate governance and lays out a practical approach based on IFC’s well-established Corporate Governance Methodology. Boards are uniquely positioned to drive climate change action through corporate purpose and strategy and lead the fight against climate change. The tip sheet also provides advice on incorporating climate into strategy deliberations and identifying, monitoring, and responding to climate-related issues.

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