The Handbook features a collection of climate and sustainability-related thought leadership from across Oliver Wyman, Marsh, Mercer, and Guy Carpenter, offering a comprehensive view of the risks and other implications of climate change that companies should be evaluating to prepare for the transition to a net-zero future.
At the beginning of 2020, climate change was at the top of the international agenda. Nations and businesses were gearing up for COP26, marking five years since the Paris Agreement and providing the first opportunity for governments to increase their emissions reduction targets.
Then within a matter of weeks, COVID-19 had become the overriding priority. But despite simultaneous global public health and economic crises, climate change has remained a key concern among businesses and societies. Surveys reveal that concern about climate change has persisted and public support for government action has galvanized. Financial regulators have pushed ahead with steps to integrate climate risks into supervisory frameworks; investors have continued to pressure companies to manage and disclose climate risk and businesses have continued to announce ever more ambitious commitments to cut emissions.
Our 2020 Climate Resilience Digital Handbook offers a selection of carefully-curated perspectives from across our businesses showcasing rich insights of the work our colleagues have done in helping clients confront climate change and navigate a course through risk to opportunity.
Our interactive handbook features three sections of thought leadership:
- COVID-19 Implications for Climate Risk: COVID-19 has heightened the threat from climate-related disasters such as wildfires and hurricanes and has complicated the outlook for regulatory, technological, and behavioral risks driven by the shift to a low-carbon economy. But it also offers important lessons for how businesses and societies can confront climate change.
- Navigating the Low-Carbon Transition: The transition to a low-carbon economy is creating significant new revenue opportunities for corporates and financial institutions alike, as well as major challenges in the form of rapid technological, regulatory and behavioral changes. Industries are bracing for technological disruptions while financial institutions are racing to develop the data, models, and products they need to finance the transition. Success requires innovation, investment and clear-sighted strategy alongside excellent stakeholder management.
- Managing the Impacts of Climate Change: Businesses and societies are already experiencing the impacts of climate change such as more frequent and severe floods and wildfires. Governments and companies alike must adapt to this changing risk landscape through investments in resilience, public-private partnerships, and continued innovation in risk modeling and risk transfer solutions.
We hope you find these perspectives informative and useful.