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Climate Action Programme

Addressing the effects of climate change for business and society

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Climate governance: exploring the role of standards for business climate resilience  

The increased frequency and destructive nature of climate impacts, along with the Paris Agreement implementation processes, are major drivers for climate action by both national governments and non-state actors. 

Companies are vulnerable to climate change impacts; they need to act to remain resilient and also to identify new business opportunities. This project will follow state-of-the-art scientific knowledge and industry action on how companies can integrate physical and non-physical/transition climate risks and opportunities into core business, and investigate the role of standards in such processes. 

Objectives

  • Follow governance regimes emerging from the Paris Agreement, for both adaptation and mitigation, with specific attention to monitoring and evaluation and the role of the private sector.
  • Identify whether and how standards could support the integration of climate risks and opportunities into core business. 

Research questions

  • Which standards, including metrics and indicators, are needed to support business actions towards achieving the Paris Agreement goals and climate-resilient pathways?
  • Which elements of climate change adaptation can be standardized, and which elements could benefit most from standardization integrated with wider sustainability goals?
  • Which types of standards and standard-development processes can contribute to the needed transformational changes? 

Download our free position paper to learn more.