On August 26 The Australian Institute of Company Directors (AICD) joined the Climate Governance Initiative, as host of the Australian Chapter.
The Climate Governance Initiative is a rapidly expanding network with over 20 bodies globally, including in the UK, US, Canada and France, in collaboration with the World Economic Forum. Chapters promote the World Economic Forum’s Climate Governance Principles and support effective climate governance in their jurisdictions.
AICD CEO and Managing Director, Angus Armour said, “The AICD is excited to host the Australian chapter of this leading global forum on climate change governance. “Climate risk is no longer an issue facing select sectors, but a standing item on many board agendas and our goal is to deepen the conversation on climate governance in Australia. “We are excited to collaborate through the Climate Governance Initiative with experts and directors in Australia and around the world, all confronting similar issues,”
Through the Climate Governance Initiative, Australian directors will have access to local and international resources and events and contribute to the global network. A working group has been convened to guide development of the Climate Governance Initiative in Australia, to include a governance forum of climate governance experts and
non-executive directors which together with the AICD will support the Australian Chapter.
Chairman of the Governing Board of CGI and Board Director of Eni S.p.A, Karina Litvack, said, “Across the world, directors are recognising the crucial role they have to play in the business response to the climate emergency, and are enhancing their capabilities to ensure long-term stewardship of the companies on whose boards they serve.
“We are delighted that the AICD is hosting the Climate Governance Initiative and has committed to providing directors in Australia with access to the skills and knowledge necessary to transition to a low carbon economy, and ensure the long-term resilience and business success of their companies.”
The Australian Institute of Company Directors is committed to strengthening society through world- class governance. We aim to be the independent and trusted voice of governance, building the capability of a community of leaders for the benefit of society. Our membership of more than 46,000 includes directors and senior leaders from business, government and the not-for-profit sectors.
source: AICD press release