Chapter Zero Ukraine & Caucasus aims to mainstream consideration of climate risk into business and investment decision-making to facilitate efficient allocation of capital and to enable a smooth transition to a low-carbon economy.
Chapter Zero Ukraine & Caucasus was launched in 2022, as part of the Climate Governance Initiative(CGI), a project in collaboration with the World Economic Forum. It promotes the initiative in Ukraine, Georgia, and Armenia considering local business specifics and climate challenges.
The world is confronting a crucial environmental challenge.
Board directors are expected to ensure that climate-related risks and opportunities are appropriately addressed within corporate strategies. However, limited
practical guidance is available to help board directors. Chapter Zero Ukraine & Caucasus has been established to help.
Chapter Zero Ukraine & Caucasus was launched in 2022 to establish a network of non-executive directors from Ukraine, Georgia, and
Armenia and support them in developing appropriate actions in response to climate change. Join the network of board members in more than 50 countries and over 20 established chapters.
Head of Green Financial Systems, Caucasus, Central Asia and Turkey, Climate Strategy and Delivery at EBRD
Independent Member of the Board of Directors at the Istanbul Stock Exchange listed Tekfen Holding A.S., Migros Ticaret A.Ş. and Anadolu Efes.
First Deputy Chairwoman of the Management Board of maib, a Member of the Supervisory Board of Armenian Institute of Directors.
The Supervisory Board governs the Chapter and is responsible for the development of its strategy.
Cicognani Maria Luisa
Chairperson of Mobius Investment Trust, Non-Executive Chairperson of Arafa Holding and a member of the Supervisory Board of TBC PLC
Partner, Head of Consulting and Risk Advisory at Deloitte Ukraine
Chair of the ESG and Ethics Committee at TBC
Non-executive member of the Supervisory Board of Ukrhydroenergo
Managing Director of iC consulenten in Ukraine
Chairman of KSE Institute, Vice President for Policy Research, Member of Advisory Board of Center of Excellence in Procurement, Member of Editorial Board of VoxUkraine, Trade +, Center of Excellence in Procurement
Founder and CEO of the Shtigen Group of companies
Member of the Supervisory Boards of Ukrgasbank and Ukrposhta
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!