As climate change and the associated increase in natural catastrophe events alters the contemporary risk landscape, there is now an opportunity for companies to partner with the (re)insurance market and put its expertise to work.
According to a recent survey of hundreds of business executives and thought leaders, many are taking the right steps to reach their goals. However a range of factors threaten to disrupt progress, including a lack of attention to risk, issues developing consistent resilience, financial disclosures such as those recommended by the Task Force on Climate-Related Financial Disclosures (TCFD) and a general need for greater expertise.
The following webinar, which includes participation from Edwin Anderson, Financial Services Partner at Guy Carpenter-affiliate Oliver Wyman, examines key plans and actions businesses are taking to address climate change.
Highlights from the discussion include:
03:38: Review of climate and sustainability initiatives to ensure transparency
05:20: Overview of climate change as a major global risk
09:15: Overview of TCFD framework to address climate risk
22:54: Examples of best practices for sustainability reporting and communication
Guy Carpenter is well-placed to advise clients on responding to climate change risk. We have multiple experts in atmospheric and climate science across the globe that have been actively researching and consolidating the scientific literature. Our solutions can help clients make informed decisions about pricing, capital and risk management strategies.