The Truth About NETZERO Transition Plans

COP27 Special-Is There Still Time To Stop Climate Change?

- COP27 is critical in the race to stop climate change.

UN Conference on Climate Change (COP27) in Egypt has kicked off; countries are slowing down their carbon emissions transitions due to COVID - Russia-Ukraine wars, increasing food prices, and rising inflationary times.

- NetZero emissions are the only way to save our planet

Companies have been hiding their NetZero strategy plans. The number of CEOs who are “green hushing” their critics on climate change is at an all-time high, with over a quarter claiming they would not publicize the science-based net zero emissions targets for fear it might be bad publicity. Data from the October survey, A quarter of 1,200 companies surveyed say they would not publicize their science-based net zero emissions targets.

In the USA, According to Baker Botts, leading global law firm Bakerbotts.com (main points summarized)

• ISS's 2022 Global Benchmark Policy Survey found that investors are increasingly focused on climate change, problematic governance structures, and racial equity audits.

Defining & Achieving Your Climate Transition Goals

• ISS currently recommends voting on a case-by-case basis on management proposals that request shareholders approve the company’s climate transition action plan, taking into account the completeness and rigor of the plan.

• The top three priorities for investors for determining whether a company’s climate transition plan is adequate were

(i) whether the company has set adequately comprehensive and realistic medium-term targets for reducing operational and supply chain emissions (Scope 1, 2 & 3) to net zero by 2050,

(ii) whether the company’s short- and medium-term capital expenditures align with long-term company strategy and whether the company has disclosed the technical and financial assumptions underpinning its strategic plans and

(iii) the extent to which the company’s climate-related disclosures align with TCFD recommendations and meet other market standards.

• Another top priority among investors, though falling out of the top three, was whether the company has sought and received third-party approval that its targets are science-based.

• By contrast, the top three priorities for noninvestors in determining the adequacy of a companies climate transition plan were

(i )whether the company’s climate-related disclosures are in line with TCFD recommendations meet other market standards,

(ii)whether the company discloses a commitment to report on the implementation of its plan n subsequent years and

(iii )whether the company has comprehensive and realistic medium-term targets for reducing operational emissions (Scope 1 & 2 net zero by 2050).

- Boardroom Education offers courses that will help your business achieve NetZero status

- It is essential for us to hold companies and countries accountable for their carbon footprint. We must push for transparency and science-based targets to mitigate climate change's effects.

Let's work together toward a sustainable future.

Whether the company has adopted renewable energy or other sustainability initiatives, and

Whether the company has set targets for reducing emissions in line with what is necessary to limit global warming to 1.5 degrees Celsius or 2 degrees Celsius

- Our ESG and Netzero transformation courses are affordable and accessible, with flexible learning options. Our board advisory expert facilitators will guide you in developing a comprehensive climate transition plan and help your business take action toward NetZero emissions.

Join us in the fight against climate change. Let's work towards a sustainable future.

Visit www.boardroomeducation.com to learn more about our ESG climate transition courses.

Reach GBAC CEO Yusuf at Ya@globalboardadvisors.com

USA 1) 571-277-0642