Climate accountability of companies and their boards
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With this year’s COP27 conference calling for robust transition plans from member states and the government’s Transition Plan Taskforce launching its ‘gold standard’ framework for climate transition plans by companies, the race to achieve a 100% reduction in greenhouse gas (GHG) emissions by 2050 (net zero) is more pressing than ever before.
Businesses are not only having to navigate an ever-changing, complex, legislative & regulatory climate change framework but are also facing increasing pressure from external stakeholders to reduce their carbon footprint. Companies choosing not to take decisive action could risk exposing themselves to climate change litigation and significant reputational damage.
We set out below some key considerations and steps companies can take to help them on their way to achieving net zero.
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