'Company secretaries can assist organisations in building their climate governance infrastructures.' Explain.
CS Professional · Environmental, Social and Governance (ESG) Principles and Practice · PYQS · June 2025
'Company secretaries can assist organisations in building their climate governance infrastructures.' Explain.
Answer & Explanation:
Company secretaries can assist organisations in building their climate governance infrastructures, including putting in place structures, policies and procedures for managing climate-related risks and opportunities. They can also help by improving the boards' and management's understanding of their roles and responsibilities in creating a good culture for effective climate governance. Some practical ways in which company secretaries can assist with climate governance are: ensure climate-change related oversight roles and responsibilities are incorporated in board and subcommittees' mandates. advise the board to set up a dedicated subcommittee to manage climate change issues if their impacts are financially material to the company. ensure climate-change elements are embedded in the board and corporate culture and values. ensure the board is well informed of the latest climate-related trends through continuous training. help the board understand how management identifies, assesses and manages climate-related risks and opportunities. assist in capacity building by advising the board and the nomination committee to consider including climate-related expertise in their composition, and ensure that management takes up its role in assessing and managing climate-related issues.
Topics: Climate Governance
Related Questions in this Topic
- 'There are several standards and guidelines that organizations can use to conduct sustainability audits.' Explain.
- Global Reporting Initiative (GRI) Reporting protocols aim to cover a wide range of ESG issues. GRI offers environmental ...
- Pheonix Ltd is among top 200 companies in terms of market capitalization of various companies listed on the stock exchan...
- Vrindavan Mithai Wala Ltd, a listed company, has long been a popular name in the retail stores and restaurants. With an ...
- Vrindavan Mithai Wala Ltd, a listed company, has long been a popular name in the retail stores and restaurants. With an ...