Climate Risk Management
incorporate climate-related financial risks into enterprise risk management
Climate risks ARE financial risks — big ones!
Risk Management — Ensure your enterprise risk management plan is ready to robustly and effectively incorporate all climate-related financial risks. Climate risks include the physical risks to operations and infrastructure, as well as transitional risks; such as regulatory changes, operational adaptations, or imposed financial obligations. Uncover and consider all of the changes that could occur due to a global transition to a low-carbon economy. Now, more than ever, interdependencies develop as social and environmental risks are creating tangible financial impacts, from supply chain disruption to loss of insurance. Unique revenue-generating opportunities are also available to those companies that are leveraging their ability to create positive impacts.
Double Materiality — how are the environmental and social impacts of your product affecting your long-term operability and financial performance? Before renewing your material topics, identify all of the climate-related risks that will influence your operations.
Risk Management: from $19,500 CAD
Governance - A solid plan begins with a foundation of accountability. Identify the levers and signals that will trigger you to take action. Create structures to simplify your workflows. Write strong, internal policy. Ensure that you have the right resources, the right knowledge, and the right checks and balances to consistently, effectively, and efficiently ensure that climate risks don’t interrupt your business.
Enterprise Risk Management — have you fully incorporated oversight of climate risks into your ERP? How are your employees communicating climate-related operational changes? And better yet, how are you listening?
Governance Structures: from $14,200 CAD
