The links between climate change and business are becoming increasingly evident and inextricable. Business decisions and actions will slow or accelerate climate change, and climate change will drive risks and opportunities for business.

Boards of directors play a critical role in ensuring the long-term stewardship of the companies they oversee.

Chapter Zero Ukraine & Caucasus mobilises boards of directors from Ukraine, Georgia, and Armenia to support them in adopting an integrated, strategic approach to addressing the climate emergency.

The tasks of Chapter Zero Ukraine & Caucasus include close cooperation and engagement of board directors within the following areas:

Giving a board-level understanding of current mandatory and voluntary standards related to identifying, managing, and mitigating climate risks.

Providing an understanding of how climate factors inform investment decision-making, consistent with the delivery of their companies’ climate transition strategy over the near, medium, and long term.

Providing an understanding of how the executive remuneration policy incorporates climate-related KPIs that are aligned with interim milestones on the pathway to delivering their companies’ climate transition strategy.

Explaining how to align companies’ public policy positioning, so as to ensure consistency with their long-term climate transition strategy.

Interpret the ability to contribute an informed, independent, “outside-in” perspective into the boardroom to help inform and enrich debate and complement the internal expertise of management.

Who can join?

Members of boards of directors in Ukraine, Armenia, and Georgia.

Is your Board climate-aware?

There are many guiding questions that have to be answered by board members to verify whether their company has sufficiently integrated climate considerations into corporate governance processes. Here are some of them:

  • How does the board ensure that the company develops and encourages climate dialogue and methodology sharing among industry peers, investors, regulators, and other stakeholders?
  • How does your board maintain its awareness about good climate-governance practices? Which high performing technology and latest know-how could be implemented?
  • Does your company organize stakeholder dialogues and encourage the participation and inclusion of all relevant stakeholders (customers, regulators, NGOs, academia etc.)?
  • Is the board kept regularly informed, does it approve, and does it supervise consistent conduct of the company’s industry and public policy engagement?
  • How does the board ensure that climate risks and opportunities are being adequately discussed with investors, where legal and governance arrangements allow for such a dialogue?

If you would like to learn more about these guiding questions and increase the climate awareness of your organization visit our Knowledge Hub. Join the Chapter!

Learn more

We strive to mobilize chairs, non-executive, and independent directors through enhancing their skills in climate governance and climate action.

Latest News

17 February 2023
How to attract ESG-investments in the agricultural sector? What economic and social impact do they have? Deloitte Ukraine within the Chapter Zero Ukraine & Caucasus held webinar on ESG-Investing in Agriculture. Speakers at the event, namely, Oleksandr Nikolaienko, Climate Strategy and Regional Delivery, Principal at EBRD, Alex Lissitsa, Presidium member,…
31 January 2023
Last week we held the webinar “Climate disclosures and your company. How to be ready”. The webinar was focused on the implementation of new mandatory climate reporting and disclosure standards.  Maryna Rymkina, Corporate Governance & ESG Services Lead at Deloitte Ukraine and Silke Goldberg, Global Head of ESG at Herbert…
19 December 2022
On the 1st of December, the Climate Governance Initiative (CGI) launched its latest briefing: 'Climate change and ESG-related risks in value chains: What board directors need to know.' Developed in partnership with the Commonwealth Climate and Law Initiative (CCLI), this briefing provided accessible guidance outlining: - New and existing guidance and legislation…
13 December 2022
The Bank has committed to fully align its activities with the goals of the Paris Agreement by the end of 2022. As such, each of the EBRD’s investments is screened extensively to ensure they are consistent with this goal.  Our environmental (including climate) standards have not changed. We have had…
29 November 2022
Those who could not join us at the Webinar can watch the recording of it.  [embed][/embed]

We strive to mobilize chairs, non-executive, and independent directors through enhancing their skills in climate governance and climate action.
Join the network of more than 20 chapters in over 50 countries.

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