The Changing Profile of Corporate Climate Change Risk (DoShorts) - Softcover

Trexler, Mark; Kosloff, Laura

Softcover

ISBN 10: 1909293008 ISBN 13: 9781909293007

Publisher: Routledge, 2012

Synopsis

This book will help business executives to (1) rethink their perceptions of climate risk (2) evaluate whether their company is effectively positioned, and (3) make informed and prudent business decisions about climate change risk in an environment rife with policy uncertainty.Business risk associated with climate change is commonly assumed to be primarily policy driven. Many companies internalize the current stalemate over global climate policy into a perception that climate risk is no longer a critical issue. Business climate risks, however, include: Operational and Supply Chain (Physical) Risk, Brand Risk, Market-driven Structural Risk, Liability Risk.As national and global policy to materially reduce climate change is delayed, it is business-prudent to assume that the level of climate risk is increasing. Even if policy risk might seem lower today than a few years ago, political will can change quickly. Should physical impacts of climate change manifest in dramatic ways, for example, draconian climate policy is likely to follow quickly. These conditions create a complex and shifting business risk environment, and most companies either overlook or substantially underestimate key climate risks. How many companies, for example, are positioned for material climate change outcomes, whether physical or regulatory? Companies with little climate change exposure may not face much downside risk from taking a wait-and-see approach. For those with greater exposure, being "too late" to respond will mean costs and competitive impacts that could have been avoided. Being "too early," however, can mean being penalized later for actions that reduce a company’s emissions today, or competitive disadvantage from getting too far out in front of competitors.

About this title

Book Description:

This DoShort, The Changing Profile of Corporate Climate Change Risk, will help business executives to rethink their perceptions of climate risk, evaluate whether their company is effectively positioned, and make informed and prudent business decisions about climate change risk in an environment rife with policy uncertainty.

About the Author:

Mark C. Trexler has 25 years of experience advising companies on climate change risks. He joined the World Resources Institute in Washington, DC in 1988, working on the first carbon offset projects. He founded Trexler Climate + Energy Services (TC+ES) in 1991, the first consultancy to specialize in corporate climate risk management. TC+ES chalked up a lot of ‘firsts’, including many more of the early carbon offset projects, the first corporate greenhouse gas (GHG) inventories, the first corporate climate risk management strategies, and the first climate neutral products and services. Mark has worked with companies around the world, including many electric utility and oil and gas companies, and has served as a lead author for the Intergovernmental Panel on Climate Change.

About this edition

• Publisher: Routledge
• Publication date: 2012
• ISBN 10: 1909293008
• ISBN 13: 9781909293007
• Binding: Paperback
• Edition number: 1
• Number of pages: 94