The financial implications of climate change pose a complex issue for businesses. Better understanding of how climate change may result in financial risks is needed so that businesses are prepared for and are resilient to sudden shocks, for example in adjustments to asset valuations and increasing cost of capital. By applying the fundamentals of risk management - including identifying, measuring, managing, monitoring and disclosing risks - businesses will be better equipped to face climate-related financial risks and ensure their business is resilient to potential future pathways.
Join the Climate Disclosure Standards Board and GARP Risk Institute in discussion about why and how climate change can be incorporated into risk management processes.
CDSB is an international consortium of business and environmental NGOs. We are committed to advancing and aligning the global mainstream corporate reporting model to equate natural capital with financial capital. We do this by offering companies a framework for reporting environmental information with the same rigour as financial information. In turn this helps them to provide investors with decision-useful environmental information via the mainstream corporate report, enhancing the efficient allocation of capital. Regulators also benefit from compliance-ready materials.