Russian Chapter is a local part of the global climate management system
World Economic Forum (WEF) — Climate Governance Initiative (CGI)
Russian Chapter is a local part of the global climate management system.
WEF Climate Governance Initiative (CGI).
Appropriate climate risk management solutions hinge upon the development of new management approaches. Through the Climate Governance Initiative (CGI), the World Economic Forum supports raising awareness and developing competencies among boards of directors, allowing them to manage risks more effectively.
Local offices are now being set up in key jurisdictions to bring together directors who can determine effective approaches and processes for climate management in the companies they control.
Eight countries, some of which are G20 countries, are already participating in the Climate Governance Initiative:
Risks posed by climate change:
- Physical destruction and asset impairment because of natural disasters
- Water scarcity
- Economic impact
- Destruction of supply chains
- Changing behavior and priorities on the consumer market
- Reputational risks
- Risk of business model transformation due to regulatory changes
Events and webinars
How to reduce the impact of climate risks on business: takeaways from the Russian Chapter roundtable
Moscow, 16 October 2020. - The roundtable “Questions to Assist Non-Executive Director Oversight of Physical Risk Climate Management”, was held on 15 October 2020, hosted by the Directors’ Climate Forum Russian Chapter in cooperation with Deloitte CIS, Acclimatise and...
Secretary-General Urges Finance Ministers to Ensure Development Banks Policies, Portfolios Align with Goals of Paris Agreement on Climate Change
Following are UN Secretary-General António Guterres’ remarks to the fourth meeting of the Coalition of Finance Ministers for Climate Action, today: The COVID-19 pandemic has upended lives and economies around the globe. Yet it also presents an important opportunity....
Information about the past and upcoming events, partnership with SKOLKOVO, climate governance news
DLA Piper appointed legal partner to Russian Chapter of World Economic Forum’s Climate Governance Initiative
DLA Piper has been appointed as exclusive legal partner of the Russian Chapter, the local hub for the global platform on climate change that operates under the auspices of the World Economic Forum’s Climate Governance Initiative (CGI).
The roundtable “Business and Climate Change”, hosted by the Directors’ Climate Forum, a.k.a The Russian Chapter – in cooperation with its intellectual partner, Deloitte CIS and legal partner, DLA Piper marked a successful start for the Chapter in discussing the climate agenda for Russian business, and board directors in particular.
Guiding principles and questions
- Physical damage and asset impairment due to natural disasters
- Water stress
- Economic repercussions
- Disruptions of supply chains
- Changing consumer market behavior and priorities
- Reputational risks
- Risks of business model transformations induced by regulatory changes
Данное руководство было разработано консалтинговой компанией the Berkeley Partnership совместно с Центром по климатическим изменениям Хьюз Холл (Hughes Hall Centre for Climate Change Engagement) в Кембридже для директоров климатического форума Chapter Zero.)
The Bank of Russia: The impact of climate risks and the sustainable development of the financial sector in Russia. Report for public consultation
The state structures responsible for regulating corporate relations, the banking and insurance market, and the financial stability of the Russian Federation have prepared a report on the impact of climate risks on the country’s financial sector and its sustainable development.
The report is mainly devoted to climate risks: definitions, types, and impacts on financial institutions in the banking and insurance sectors. It details the tools of climate risk management based on the experience of world insurers, foreign states and companies; a perception of Russian banking regulation of climate risks is being formed. The Climate Change Financial Disclosure Requirements, developed by the Climate Finance Disclosure Working Group (TCFD), are also mentioned.