Companies address climate risk

Firms have not identified or attempted to manage new risks triggered by climate change predictions, according to a study by research firm Verdantix.

The study found that uncertainty on the timing of physical risks from climate change, together with insufficient analysis and a focus on cutting carbon emissions over strategic adoption of low-carbon technology, holds back risk management.

"Climate change risks have not been prioritised due to a perception that the risks are beyond a firm's five- to 1