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Earth on board slides_edie feb 2019
- 1. Urgent Leadership needed from the Boardroom February 5th 2019 Philippe Joubert for
- 2. We are living beyond our means Biocapacity consumed 1961 74% Earth overshoot day 1971 100% 6th NOV. 1985 118% 23rd AUG. 2012 155% 1st AUG. 2018 172%
- 3. CALIFORNIA FIRES… Nature is sending signals …CALIFORNIA MUDSLIDES
- 4. Business is recognized as a solution but business must change 2015, a tipping point
- 5. A collective responsibility starting at board level
- 6. Directors’ duties 2. Exercise due diligence or reasonable care 3. Comply with disclosure requirements 1. Act in the interest of the company
- 7. 1. Act in the interest of the company Are we creating and bringing value to all stakeholders?
- 8. Shareholders own shares… Not the company
- 9. JACK WELCH GE CEO 1981-2001 “On the face of it, shareholder value is the dumbest idea in the world” The narrow focus on short-term returns has affected the very core of corporate governance
- 10. 2. Exercise due diligence / reasonable care Reckless Business-as-usual is dead
- 11. Boards can no longer claim to ignore climate change and its risks PHYSICAL RISKS LEGAL RISKS REPUTATION RISKS
- 12. We have disrupted the water cycle PHYSICAL RISKS
- 13. “Even people who act accordingly to the law must be held responsible for damage they cause” The judges said. SAUL LUCIANO LLIUYA, PERUVIAN FARMER VS LEGAL RISKS
- 14. "It takes 20 years to build a reputation and 5 minutes to ruin it." WARREN BUFFET Or a few posts on social media? REPUTATION RISKS
- 15. Boards must acknowledge the transition at play A tale of Risks and Opportunities
- 16. Mark Carney & Michael R. Bloomberg Mainstreaming climate-related financial disclosures 3. Duties to comply with reporting and disclosure requirements
- 17. We need Earth Competent Boards Companies have a critical role to play in securing a better world It is Boards’ duty to take the lead
- 18. Boards with members who are • proficient in sustainability, • with the right governance, • asking management the right questions
- 19. 19 Help your board exercise its duties
- 20. An ecosystem of sustainability actors to inform and help boards
- 21. There is no business in a world in shambles
- 24. Sectors: Electric Utilities Water Utilities Chemicals Metals & Mining Construction Materials Insurance Banks
- 25. Thank you February 5th 2019 Philippe Joubert for
Editor's Notes
- En anglais: It is Boards’ duty to take the lead CSOs have a role to play January 8th 2018
- Sources: https://www.overshootday.org/ for the 1st August Date
- Source: http://thehill.com/homenews/news/355574-death-toll-rises-to-40-as-california-wildfires-rage http://www.latimes.com/local/lanow/la-me-santa-rosa-toll-20171012-htmlstory.html for pictures http://www.sierraclub.org/sierra/california-s-wildfires-point-new-normal for quotes http://www.latimes.com/local/lanow/la-me-california-fires-20171014-story.html for information Picture: http://www.christianpost.com/news/california-wildfires-2017-latest-news-update-central-coast-burns-as-blazes-continue-191558/
- https://blogs.emi-cfd.coop/etatsdurgence/2015/12/10/solutions-cop21-le-futur-cest-maintenant/
- Sources image: shutterstock_531027256
- Sources: Comments: Art 117 Code des Obligations : Les membres du conseil d’administration, de même que les tiers qui s’occupent de la gestion, exercent leurs attributions avec toute la diligence nécessaire et veillent fidèlement aux intérêts de la société »
- Comments: - Shareholders own « shares »: Shareholders do not have the right to manage the company in which they hold an interest, they are entitled only to such part of the income as the directors declare as dividends - They have no more right than other customers to the services of the business.
- Sources: https://www.ft.com/content/294ff1f2-0f27-11de-ba10-0000779fd2ac Photo from http://schoolofthinking.org/2008/09/jack-welch-on-cvs2bvs/ Comments: Interview given in March 2009
- Sources: https://www.reference.com/pets-animals/ostriches-stick-heads-sand-f6014aa539bbc417 Credit: Martin Harvey Gallo Images Getty Images
- Sources: The Guardian, German Court to hear Peruvian farmer’s climate case against RWE - https://www.theguardian.com/environment/2017/nov/30/german-court-to-hear-peruvian-farmers-climate-case-against-rwe Comments: - German Court to hear Saul Luciano Lliuya’s case agianst RWE over climate damage in the Andes. He argues that RWE must share the cost of protecting his hometown Huaraz from a swollen glacier lake at risk of overflowing from melting snow and ice. - Climate change cases are well-founded - “Even… from property” is quote from german judges
- http://feelgrafix.com/957809-warren-buffet.html
- Sources: Market Caps are from https://www.bloomberg.com/quote/EOAN:GR and https://www.bloomberg.com/quote/UN01:GR Update on 16-10-2017
- Source: https://www.fsb-tcfd.org/ Comments: Article 173 transition énergétique: Investisseurs institutionnels (mutuelles, gestionnaires de fonds, institutions de prévoyance, assurances et réassurances,…) doivent obligatoirement communiquer sur le risque climatique de leurs portefeuilles, évaluer la part verte de leurs investissements et définir une stratégie bas-carbone => demande de nouveaux indicateurs et échange avec les entreprises dans lesquelles ils investissent. - Bloomberg quote from TCFD report: "Increasing transparency makes markets more efficient, and economies more stable and resilient."
- Photo brochure floue, à changer http://www.cisl.cam.ac.uk/executive-education/board/