Climate Risk and ESG Reporting: Reshaping the Future of Sustainability

With a warming planet, we can see that climate change is impacting businesses around the world with supply chain disruption, rising insurance costs, and regulatory uncertainty. Since the full effects of climate change cannot be fully anticipated, organisations must review their approach to risk management and adopt an increasingly flexible approach to conducting business.

In addition to assessing and managing climate-related risks, it is important for organisations to adjust their practices according to their impact on the climate. Reducing the corporate sector's environmental footprint will contribute to the reduction of climate risk on a global scale. It is also important that businesses meet changing consumer expectations in relation to sustainability and environmental harm.

Dr. Rachel Baird, Director at IcebergSRC, is a legal expert for LexisNexis® Regulatory Compliance. Throughout this whitepaper, we introduce the concept of climate risk and outline how the growing popularity of environmental, social, and governance (ESG) reporting is reshaping the future of transparency in the private sector. Dr. Baird includes practical tips on implementing ESG reporting and designing an ESG approach and framework.

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