Climate Risk: Enhanced disclosure & reporting
Enhanced disclosure and reporting standards is essential for addressing the challenges posed by climate change because only what is measured, can be managed.
Digitalization | Cybersecurity | ESG | AI | DLT
Digitalization | Cybersecurity | ESG | AI | DLT
Climate risk refers to the potential impacts of changes in the earth’s climate, such as increased frequency or severity of extreme weather events, on human and natural systems, including economic and financial assets and liabilities.
Enhanced disclosure and reporting standards is essential for addressing the challenges posed by climate change because only what is measured, can be managed.
A recent report by the NGFS estimates that physical climate risk associated with climate change could lead to a loss of $2.5 trillion in annual GDP by 2050.
Climate risk is negative impacts of climate change on company’s assets, income & cash flows. ESG score is critical but don’t always translate into climate risk