Companies today are facing a changing risk landscape as political and regulatory environments begin to address the many challenges associated with resource scarcity and global climate change.
In fact, in a new survey from Zurich Financial Services Group, Ceres and the Professional Risk Managers International Association (PRMIA), thirty percent of the corporate risk managers polled said climate change regulation was one of the top five risks facing their company.
But, what are organizations doing to mitigate their exposure?
“It’s clear that risk managers are conscious of risks posed to ‘business as usual’ by climate change,” says Lindene Patton, chief climate product officer for Zurich Financial Services Group. “Now it is time to convert that knowledge to risk management action.”
The report recommends risk managers take the following steps to learn more about what these evolving risks mean for their business: (more…)