Shell and the new era of climate risk
Over the past few years, the term “climate risk” has risen to the fore, taking up residency inside the world’s biggest banks and investors. Today, it is part of many companies’ toolkit as they seek to understand the impacts of climate change on their business and society.
The United Nations Framework Convention on Climate Change — the folks who organize the annual COP events — defines “climate-related risks” as those:
…created by a range of hazards. Some are slow in their onset (such as changes in temperature and precipitation leading to droughts, or agricultural losses), while others happen more suddenly (such as tropical storms and floods).
It’s time to update that definition to include sudden, dramatic swings among judges and juries.
Read the full article at: www.greenbiz.com
