Ceres’ new “Guidance for Investor Engagements with Directors on Climate Risk Governance” updates and expands on its guidance to investors issued in 2022 (we reported on here). The guidance outlines the components of a suggested good governance framework for climate-related issues; describes potential private and public board-level engagement “escalation” tactics investors may consider based on historical actions to date; and poses questions that may inform investors’ climate-related engagements with directors. Ceres also suggests companies consider the guidance to prepare for their engagements on climate-related issues and to inform their practices and associated disclosure.