You’ve identified your climate risks, but how do you begin to mitigate them and drive change within your business?
Assessing climate risk is now a business imperative, driven by evolving mandatory regulations, investor expectations, and market sentiment. These climate risks can be split into two categories; physical risks, such as extreme weather events and sea-level rise, and transitional risks, associated with the transition to a low carbon economy.
Businesses are now looking for strategic initiatives to mitigate these risks to help them prepare for and thrive in a carbon-constrained future. Internal Carbon Pricing (ICP) is one such mechanism that can help businesses to mitigate transitional risk by assigning a cost to carbon which can embed change by supporting decision making, promoting low carbon innovation, and facilitating behaviour change.
Listen back to the recording as we look at:
- Moving on from climate risk – the importance of responding to your climate risks with tangible action to embed new sustainable ways of working
- Why embedding internal carbon pricing is one of the most powerful actions businesses can take to respond to their climate risk
- Understanding the cost of carbon for your organisation and how it can help you to achieve your carbon targets
- Practical examples of how other organisations are strategically embedding ICP within their business to respond to their climate risk