July 12th, 2018

How climate-resilient is your organization?

Posted at 1:00 AM ET

reslience21Stakeholders are looking for greater transparency on the risks and opportunities presented by climate change and the shift to a low-carbon economy. This focus is increasing with the accelerating support for the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD) released in June 2017.

However, organizations have questions about how to disclose on climate risks and what alignment to the TCFD recommendations means in practice; many are simply unsure how and where to get started.

Reporting Climate Resilience: The Challenges Ahead, a new report from Marsh & McLennan Companies’ Global Risk Center and CDP (formerly the Carbon Disclosure Project), reviews three key challenges organizations are facing in implementing the TCFD recommendations and the shift to assessing climate risks and opportunities. These include:

1.     Ensuring leadership support;

2.     Breaking through siloed risk management processes;

3.     Limited scenario analysis and capabilities.

Over the next twelve months, the Global Risk Center and CDP will explore how companies are approaching the TCFD recommendations, and develop insights and guidance to help address these three challenges.

Click here to read the full report >>

Click here to register to receive e-mail updates >>

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