Climate Risk
Common but differentiated responsibility for climate risks and opportunities
- 4 July 2023
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Until a few years ago, climate change’s potential impact seemed abstract for many investors.
Now, as sea levels rise, hurricanes intensify, and droughts threaten food supplies, many investors are confronting its financial realities.
But it’s not a simple calculation.
These and other physical effects of climate change—as well as many, varied government policies trying to mitigate its effects—are also inspiring technological innovations that will give rise to new products, services, and business models in the coming years. How can investors effectively price these risks and opportunities?
Investment firms are evaluating climate risk primarily along two distinct dimensions.
They’re considering “physical risks,” such as the business and economic impact of warmer temperatures, more frequent and extreme weather events, and rising sea levels. Investors are also looking at the “transition risks” associated with shifting to a lower-carbon economy. New and more stringent regulations and practices will likely spur that transition, though it’s unclear how, when, and to what extent these changes will materialize.
Recognizing innovative opportunities amid the risk
“It’s unrealistic to say that coal corporations are going to transition to become solar installers,” says O’Hanley, CEO of State Street, “So, we need to be thinking about the disruption.” At the same time, he noted, “there will be brand new opportunities coming out of this.”
This is an extract from the Harvard Business School event on “How Investors Are Sizing Up Climate Change’s Risks—and Opportunities”
But is this an investor only responsibility?
What about business impacts from supply chains? What about differentiated geographic impacts? This event importantly discusses these and other matters as it considers “Common but differentiated responsibility for climate risks and opportunities”
This video is intended for those who are:
- Governing body and executive committee members;
- Accounting authorities;
- Public administrators;
- Economic practitioners and investors;
- Sustainability officers;
- Executive education practitioners
What you will learn
forewarned is forearmed
This will equip attendees with the abilities to explain the principles and drivers of climate change, understand the contributions which need to be made and how to measure them.
Watch the recording to learn how to:
- Explain the principles and drivers of climate change, and
- Understand the contributions which need to be made and how to measure them.
Kindly sponsored by:
Control Risks is a global specialist risk consultancy that helps to create secure, compliant and resilient organisations. Combining unrivalled expertise, experience and reach with the power of data and technology, Control Risks provides the insight and intelligence needed to stay on track, realise opportunities and grow.
Expert Guests
- Peadar Duffy
- Global Director Risk & Sustainability at Archer Integrated Risk Management
- The ESG Exchange, Chair of the Technical Committee
