Climate Risk: Corporate Canada’s Blind Spot
Although the many risks and opportunities posed by climate change are increasingly understood and recognized, Canadian companies have only begun integrating this knowledge into their business models, strategic plans, policies, measurements and reporting systems.
Recent weeks have seen numerous developments aimed at encouraging better disclosure of climate risks and enforcing transparency requirements (see previous blog entry).
To help make sense of these changes and to illustrate best practices that leading companies should be working towards implementing, Zizzo Strategy, in collaboration with Intact Centre on Climate Adaptation and Risk Nexus, is pleased to be hosting a half-day seminar on de-risking business in a changing climate.
Corporate Due Diligence Training on Climate Risk
Climate change and extreme weather events are impacting Canadian businesses. Climate-related risk includes both the response to low-carbon policies like carbon pricing, as well as threats to business due to climate impacts such as more frequent and severe extreme weather events and changes to water availability, among others.
Some sectors are particularly impacted by these changes, for instance in nine of the past eleven years, property & casualty insurers paid out more in weather-related claims than was received through premiums.
Important developments are also evolving with respect to climate-related corporate disclosure. These changes can affect both voluntary best practices, as well as fiduciary responsibly and liability.
In light of these changing realities, corporate decision-makers must understand the basics of climate change, and the consequent risks to their business.
This morning session will bring together thought leaders on climate change, legal liability and fiduciary responsibility to discuss:
- climate change and extreme weather, and the need for businesses to de-risk operations by preparing for a “new weather normal”
- financial, legal and policy drivers to incorporate climate change into business planning and management (e.g. cap and trade, carbon pricing, corporate securities, corporate governance and fiduciary duty)
- the need to properly measure, adapt to, manage and disclose climate change related risks and regulatory risks effecting business models
- trends in risk management for institutional investors, asset managers and pension funds
Find out more information and register by clicking here.