S&P : Dealing With Disaster: How Companies Are Starting To Assess Their Climate Event Risks

While investors and issuers are beginning to recognize the impact of carbon pricing on corporate profitability, the same is less true of the effects of climate events on a company’s business and financial risk profiles. Unlike exposure to emissions regulation, which trading carbon credits and investment in emissions abatement can address, the unpredictable nature of climate events constrains the planning and implementation of effective risk management strategies. The increasing frequency of extreme weather events such as flooding, intense storms, heat waves, and cold snaps is putting pressure on companies to identify, quantify, and disclose the material risks related to such events.

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