Climate Risk Summit
Climate Risk Summit | The Economist Events
Imagine you are CEO of an FTSE 100 company, tasked with formulating your firm’s line on climate change. Do you: a) pen a feel-good sentence on your commitment to the environment, and add it to the company’s corporate social responsibility statement; b) leave the problem for your successors to deal with; or c) appoint a team to measure—and ultimately try to manage—the current and future impacts of climate change on your business?
Not too long ago, the answer would undoubtedly have been a) or b), save for a few dedicated souls. No longer. Planning for climate change-related risks is now an essential task for any chief executive. Even those who prefer to ignore the problem find themselves increasingly unable to do so: investors, regulators and capital markets are demanding better information on the physical and infrastructure risks that climate change poses for companies, the legal liabilities they are likely to face and the assets which may become stranded during the transition to a lower-carbon world. These risks lie—unidentified and often poorly managed—on the balance sheets of the world’s largest businesses and financial firms.
The inaugural Climate Risk Summit will bring together policymakers, business leaders, scientists and investors to begin a conversation about how organisations around the world can understand and manage climate-related risks. What impact will such risks have on markets and the economy? How can they be managed and mitigated? And how can businesses and investors seize the opportunities presented by climate change?
Featured topics include:
How is climate risk being disclosed and reported, and what can be done to improve transparency?
How can investors put pressure on companies to be more transparent and get better at assessing and reporting risk?
Which models are available to inform corporations on their current and future risks?
As the global economy moves to a lower-carbon model, how prepared are corporate giants in industries like energy and car-manufacturing?
What is the risk to global financial stability if companies don’t get better at managing and disclosing climate-related risk? How can this global risk be managed and mitigated?