IIA-Australia Factsheet - Climate Related Risks

IIA-Australia Factsheet - Climate Related Risks

This is a members only resource. Please login to access. 

Author

IIA-Australia

Date

 2022

Topics Explored

Risk Management

Format

Factsheet

Extract/Description

Climate related risk refers to the risk that the activities of an organisation might cause destruction to the surrounding natural environment and potentially wildlife in its natural habitat. It may result from climate change and could potentially impact (a) safety of the Earth and its
inhabitants (b) financial stability. Consequently, the risk could potentially translate into reputation and economic consequences for organisations.

Key Points

  1. McKinsey and Company describe seven characteristics that stand out about climate related risk.
  2. Climate related risk debate continues and there are various views.
  3. There is a push in some circles for climate related risk to be included in good practice corporate governance principles.
  4. The Factsheet discusses the climate-related questions to ask organisations.

Relevant Industries

All

Level of Assumed Knowledge

Intermediate