Governance reporting for Company Boards is heating up. It is no longer only about how much energy companies save but about how they tell their shareholders that they are adapting to climate change. There are both climate change risks and opportunities - think about the water running out and the new renewables industry - but how does the Board oversee these, what are the processes for doing so and how frequently is the board informed, does the board assess these against major plans or risk and what is management's role in addressing these risks and opportunities?
...we are moving away from reporting climate risk as an environmental or a reputational issue to a financial one affecting the bottom line of corporates. For that reason alone, corporate bodies are starting to take this whole issue more seriously.