Climate hindsight: Governance lessons from the Hawke's Bay

Overview

Recording date - 19 April 2024

In February 2023, the Te Matau-a-Māui Hawke’s Bay region was devastated by the impact of Cyclone Gabrielle. The cyclone caused widespread devastation and loss to businesses and property, and heartbreakingly, lives. It was also the costliest tropical cyclone on record in the Southern Hemisphere, with total recovery costs estimated to be at least NZ$14.5 billion (PHCC, 2023).

One year on, this webinar brought together directors to discuss a number of key questions including:

- What insights could directors learn from the impact of Cyclone Gabrielle on the Hawke’s Bay region, businesses and community?
- How was the region working collaboratively in the recovery phase to build back better, safer and smarter?
- How could directors and boards effectively identify and mitigate climate-related risk to their businesses?
- What should directors have been doing to transition their businesses?
- What were the future challenges around access and cost of insurance for climate-related risk in light of increasing probability?

This webinar was presented by the IoD’s Chapter Zero NZ, part of the global Climate Governance Initiative.