The business implications of climate change – taking a risk management approach to manage the unknown

The largest wildfires recorded in the Western US, record high temperatures in Siberia, melting ice-sheets - climate change is the most complex risks facing society presently and a risk we can no longer avoid. We must learn to live with the impacts that are already here, while simultaneously reducing GHG emissions to avoid further deterioration. For businesses, the impacts of climate change mean a need to implement risk management responses to properly manage the physical, transition and legal impacts, but also to identify the potential business opportunities that early adaption may present.