How are climate-related risks and opportunities affecting your organization's businesses, strategy and financial planning? Increasingly, companies are asking themselves that question to prepare for an uncertain future.
Indeed, the impact of climate risk is a topic that regulators are considering as well. The Financial Stability Board set up the Task Force on Climate-related Financial Disclosures "to help identify the information needed by investors, lenders and insurance underwriters to appropriately assess and price climate-related risks and opportunities."
These voluntary disclosures would give stakeholders a clearer picture of how companies perceive and are addressing climate risks. And the National Association of Insurance Commissioners' Insurer Climate Risk Disclosure Survey, adopted in 2010, is now mandatory for larger insurers.
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