Climate change as a driver for the strategic agenda of CFOs
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The awareness of climate change and global warming has increased significantly during the past decade. The broad majority of scientists agree on the anthropogenic nature of the significant increase of greenhouse gas (GHG) emission and the resulting greenhouse effect, especially through burning of fossil fuels.
Timing for action is essential as the results from enforced efforts will not be obvious immediately, but will have a profound effect on the climate for the long-term future. No one can predict the consequences of climate change with complete certainty, but we know enough to understand the risks. Mitigation – taking strong action to reduce emissions – must be viewed as an investment, a cost incurred now and in the coming few decades to avoid the risks of very severe consequences in the future. If these developments are made wisely, the costs will be manageable and there will be a wide range of opportunities, growth and development along the way.
We will analyse the...
KeywordsClimate Change Market Risk Sustainability Report Climate Change Risk Capital Allocation
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