Articles liés à The Changing Profile of Corporate Climate Change Risk

The Changing Profile of Corporate Climate Change Risk - Couverture souple

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Trexler, Mark; Kosloff, Laura

 
9781909293007: The Changing Profile of Corporate Climate Change Risk

Synopsis

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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À propos de l'auteur

Laura Kosloff has worked as an environmental attorney since 1985, including as Associate Editor of the Environmental Law Reporter in Washington, DC, as a trial attorney for the US Department of Justice, as General Counsel to Trexler Climate + Energy Services (TC+ES), and as Associate General Counsel to EcoSecurities Group plc. In her General Counsel roles she supported teams of more than 20 climate change consultants, managing all contract negotiations as well as wide-ranging HR and IP issues across offices in multiple countries. Laura was the first Chair of the American Bar Association's Climate Change Committee, and has served in numerous leadership capacities within the organization, most recently chairing the group's annual meeting.

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