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RESEARCH AND BRIEFINGS

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Is Your Company Climate Resilient?

 


This pressing question is increasingly being asked of management and boards. But what is climate resilience, and why is it so important?

Companies have traditionally thought about climate change and environmental sustainability as reputational risks best managed through corporate social responsibility programs. In recent years, however, many companies have been caught unprepared as they begin to feel the effects of a changing climate and the transition to a lower-carbon economy. Direct physical risks such as hurricanes, droughts and other extreme weather events are happening more frequently, and with greater severity. Further, policy-makers are enacting new regulations and policies in response to climate change that will impact the operations of many. And finally, investors, customers and supply chain partners are increasingly seeking out companies that will be able to thrive in the evolving environment.

How Climate Resilient Is Your Company? Meeting a Rising Business Imperative, a new paper from our Global Risk Center, defines climate resilience as the capacity not only to survive, but also to adapt and thrive in the face of climate change and its direct and indirect impacts. The paper outlines the impact of five major forces driving climate resilience to the top of executives’ priority lists, and three practical ways that companies can begin to assess their climate resilience.

This paper draws on the combined expertise of Marsh, Guy Carpenter, Mercer, and Oliver Wyman, and is designed to help your company answer the question “are you climate resilient?” We hope you find it useful and informative.

Marsh Pty Ltd (ABN 86 004 651 512, AFSL 238983) (“Marsh”) arrange this insurance and is not the insurer. The Discretionary Trust Arrangement is issued by the Trustee, JLT Group Services Pty Ltd (ABN 26 004 485 214, AFSL 417964) (“JGS”). JGS is part of the Marsh group of companies. Any advice in relation to the Discretionary Trust Arrangement is provided by JLT Risk Solutions Pty Ltd (ABN 69 009 098 864, AFSL 226 827) which is a related entity of Marsh. The cover provided by the Discretionary Trust Arrangement is subject to the Trustee’s discretion and/or the relevant policy terms, conditions and exclusions.

This website contains general information, does not take into account your individual objectives, financial situation or needs and may not suit your personal circumstances. For full details of the terms, conditions and limitations of the covers and before making any decision about whether to acquire a product, refer to the specific policy wordings and/or Product Disclosure Statements available from Marsh on request.