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Climate Governance Initiative.
AICD has joined the Climate Governance Initiative as host of the Australian Chapter.
Climate change is creating diverse risks and opportunities for organisations. Investors, regulators, employees and other stakeholders are now challenging directors to address climate risk at an organisational level.
The Climate Governance Initiative is an active network of bodies globally that promote the World Economic Forum Climate Governance Principles for boards and effective climate governance within their jurisdictions. The CGI network seeks to mobilise, educate and equip directors with the skills and knowledge necessary to address climate change at the board level.
The principles, endorsed by the AICD, support directors to gain climate awareness, embed climate considerations into board decision-making, and understand and act upon the risks and opportunities that climate change poses to their organisations.
The AICD endorses the CGI Charter, available here.
Climate Governance Initiative Australia aims to bring together the expertise of climate governance leaders to meaningfully contribute to the discourse on climate change governance.
We aim to activate the director community through education based on the principles as adapted for Australia, on strategies for embedding climate considerations into Australian boardrooms’ strategic decision making. As the long-term stewards of Australian organisations, the director community has a vital role in addressing the issue of climate change in Australia to ensure a sustainable future and a robust, competitive Australian economy.
Through Climate Governance Initiative Australia, the AICD encourages non-executive directors to serve as advocates within their boards for the adoption of strategies that are aligned with the best-available recommendations of the scientific community, to achieve net-zero carbon emissions by 2050 or earlier, consistent with a global average temperature rise of no more than 1.5°C above pre-industrial levels.
The AICD is hosting Climate Governance Initiative Australia to support our members better to meet the challenges and opportunities of governing climate change risk.
Specifically, we aim to support the AICD membership and Australian director community more broadly with strategies for embedding climate considerations into boards’ strategic decision-making.
As host, our members have access to a global network of non-executive directors and support from experts leading their organisations’ governance response to climate change.
The AICD is proud to be the Australian home for this important conversation amongst directors.
With more than 50,000 members, no other organisation in Australia is better positioned, both in mission and reach, to impact the conversation on climate change at the board level.
As host of the Climate Governance Initiative (CGI) Australia, the AICD collaborates with senior non-executive directors and partner organisations to support governance practice.
Non-executive directors are the majority members of the CGI Australia Advisory Council, which helps drive the activity of the initiative.
Membership of the Advisory Council also includes representatives from the AICD and partner organisations PwC, Deloitte, MinterEllison, Herbert Smith Freehills and Pollination.
Advisory Council members
- Geoff Summerhayes GAICD (Chair)
- Penny Bingham-Hall FAICD (Deputy Chair)
- Jillian Broadbent AC
- Michael Coleman FAICD
- Ken Dean FAICD
- Naomi Edwards FAICD
- Andrew Fraser GAICD
- Ming Long AM GAICD
- Diane Smith-Gander AO FAICD
- David Thodey AO FAICD
- Michael Ullmer AO FAICD
- Dr Katherine Woodthorpe AO FAICD
- Christian Gergis GAICD (AICD)
- Louise Petschler GAICD (AICD)
- Timothy Stutt / Mark Smyth (Herbert Smith Freehills)
- David Rodgers / Rebekah Cheney GAICD (Deloitte)
- Jon Chadwick GAICD (PwC)
- Paul Schoff MAICD / Keith Rovers (MinterEllison)
- Zoe Whitton / Sarah Barker MAICD (Pollination)
Secretary
Kulja Coulston, Senior Policy Adviser
Climate Governance Short Course
Learn about your evolving climate-related duties and responsibilities, navigate new regulations and explore emerging climate risks and opportunities in this interactive, four-week online course.
WEBINARS
Climate webinars.
Our interactive webinars offer you an efficient way to refine your knowledge and catch up on current governance issues.
FEATURED RESOURCE
Principles for setting climate targets
The 10 guiding principles for target setting have been created to help Australian boards establish climate targets and manage associated risks. With mandatory climate reporting on the horizon, Australian organisations must be ready to disclose key details of their climate targets.
WEF PRINCIPLES
World Economic Forum (WEF) Climate Governance Principles
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