Managing climate change risk

Climate change poses two main risks to business – reputational risk and financial risk. Francis Hervé , non-executive director at Utilyx and former chief executive of EDF trading, provides some guidelines for managing both sets of risk

Managing climate change and the environmental impacts of carbon emissions is an issue of dramatic importance for our planet's future. The long-term risks for society as a whole are now almost universally accepted. But climate change also presents some more immediate concerns for the business community.

The more short-term risks that organisations face can be grouped into two basic categories. The first covers a business's impact on climate change, any contributions the company makes to minimise

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