Climate change poses operational and financial risks. For example, extreme weather events like floods may disrupt operations (a business risk) and make a building uninsurable (a financial risk). It can also create business and financial opportunities (e.g. a new product results in higher profits.) Opportunities to connect with employees and communities of a wide range of cultures may present themselves as the impacts of climate change are felt within your organisation and supply chain.
SBC and CLC consultation response to MBIE on Climate Related Disclosures
On behalf of the Sustainable Business Council (SBC) and Climate Leaders Coalition (CLC), please find the below reflections on the consultation to amend Climate Related Disclosures.