The Changing Profile of Corporate Climate Change Risk

The Changing Profile of Corporate Climate Change Risk
Author :
Publisher : Routledge
Total Pages : 88
Release :
ISBN-10 : 9781351276108
ISBN-13 : 1351276107
Rating : 4/5 (08 Downloads)

Book Synopsis The Changing Profile of Corporate Climate Change Risk by : Mark Trexler

Download or read book The Changing Profile of Corporate Climate Change Risk written by Mark Trexler and published by Routledge. This book was released on 2017-09-08 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book will help business executives to (1) rethink their perceptions of climate risk (2) evaluate whether their company is effectively positioned, and (3) make informed and prudent business decisions about climate change risk in an environment rife with policy uncertainty.Business risk associated with climate change is commonly assumed to be primarily policy driven. Many companies internalize the current stalemate over global climate policy into a perception that climate risk is no longer a critical issue. Business climate risks, however, include: Operational and Supply Chain (Physical) Risk, Brand Risk, Market-driven Structural Risk, Liability Risk.As national and global policy to materially reduce climate change is delayed, it is business-prudent to assume that the level of climate risk is increasing. Even if policy risk might seem lower today than a few years ago, political will can change quickly. Should physical impacts of climate change manifest in dramatic ways, for example, draconian climate policy is likely to follow quickly. These conditions create a complex and shifting business risk environment, and most companies either overlook or substantially underestimate key climate risks. How many companies, for example, are positioned for material climate change outcomes, whether physical or regulatory? Companies with little climate change exposure may not face much downside risk from taking a wait-and-see approach. For those with greater exposure, being "too late" to respond will mean costs and competitive impacts that could have been avoided. Being "too early," however, can mean being penalized later for actions that reduce a company’s emissions today, or competitive disadvantage from getting too far out in front of competitors.


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