There is no doubt that managing climate risks is crucial for business success.
Climate change poses threats to companies of all sizes, in every sector and region of the world. These include physical risks caused by climate change itself, but also transition risks on the journey to net zero.
Of course, where there are risks, there are also opportunities. These range from better resilience in the face of catastrophe and share price stability when disaster strikes, to higher sales due to rising customer demand for sustainable products and boosted reputation for firms that get this right.
Organisations are well aware of the need to ‘do something about climate’.
Whether it’s managing threats or pioneering new fronts, climate change is firmly on the board agenda. And there is evidence that risk managers are increasingly involved in these decisions.
“Risk professionals are at the front lines of businesses, whether they are navigating their organisations through the impact of physical climate risks or addressing intangible risks”
FERMA’s latest European Risk Manager Report found that more than half (56%) of risk managers were playing (or planning to play) a…
