Does Your Firm Understand its Climate Change Risk?
Monday, January 18, 2010 7:27
Earlier this week at an event, I was speaking with the Sustainability Director of a large FMCG firm discussing what the outcome of the Copenhagen negotiations meant for business like the one he represented (his firm is a bit of a poster child), and my reply to him was to get ready.
That, as a result of the failed political process that took place, the pressures on companies will build.
It was an interesting conversation, and one that lead me to send him KPMG’s recent report Climate Changes your Business (download here) on the “climate Change” risk firms face going forward, and how firms perceive the various associated risks.
This review brings together and analysises the most important research into the effectes of climate change on the corporate world, in order to identify the specific risks and economic impacts at sector level that businesses must assress. Its porpose is to contribute to the debate, to stumulate furtrther research and , most important, to help companies better understand and responsd to the issues at stake
Broken down into several big sections (intro, defining the different risks, and the understanding that firms have of the risks), the report brings in some interesting opinions that are compelling.
My take from the report is that firms do not understand the risks (nothing earth shattering there), but that there are certainly firms who are beginning to see the risks and make adjustments.
