查看文章

So what are corporate climate risks, and how can firms develop an effective climate risk strategy? Our answer is based on several studies that investigated corporate responses to climate change in four industries. From this work, we illustrate a range of possible climate risk actions and discuss how companies can develop an effective climate risk strategy. A key challenge we note in this chapter is for business leaders to distinguish between those risks requiring urgent and substantial action and those where they have more latitude in forming a response. The framework we develop here supports managers’ decision-making processes for managing climate risks and provides guidance on how to address multiple types of climate-related risks.