Post by account_disabled on Feb 22, 2024 9:23:32 GMT
The damage to ecosystems and human health caused by climate change has gone so far that it is currently causing unforeseen commercial losses that put the assets of many companies at risk , which is why governments, together with the private sector, have prioritized actions that allow reduce the environmental impact, which will generate disruptive changes in all economic sectors. Given this panorama, it is difficult to have a clear vision of which companies will be able to move forward, as regulations on environmental issues evolve and the objectives of their suppliers and clients change, which is why this becomes a great corporate risk.
Climate crisis, a corporate risk In 2015, G20 finance ministers and central bank governors asked the Financial Stability Board (FSB) for support to understand how the financial sector could integrate climate change issues into its investment processes. With the aim of identifying what information was Saudi Arabia Mobile Number List necessary and to develop a financial guide that would help companies and investors understand the risks derived from the climate crisis, the FSB created the Task Force On Climate-Related Financial Disclosures working group. (TCFD) . In 2017, the TCFD published a series of financial recommendations, structured around four fundamental areas of the organizations' operations: Government.
Strategy. Risk management. Metrics and objectives. The TCFD currently has 31 members committed to helping companies implement the recommendations, as well as promoting and disseminating climate-related information. There are already 1,700 companies around the world that have decided to align themselves with this organization and actively support this initiative! Mexican companies join this initiative In the case of Mexico, as in other countries, implementing the TCFD recommendations is a challenge at the business level. According to Alan The risks that climate change entails were not taken into account by companies , so it is necessary to have a change of perspective to give it the same relevance as operational, strategic or reputational risks, and then incorporate them into the business model.
Climate crisis, a corporate risk In 2015, G20 finance ministers and central bank governors asked the Financial Stability Board (FSB) for support to understand how the financial sector could integrate climate change issues into its investment processes. With the aim of identifying what information was Saudi Arabia Mobile Number List necessary and to develop a financial guide that would help companies and investors understand the risks derived from the climate crisis, the FSB created the Task Force On Climate-Related Financial Disclosures working group. (TCFD) . In 2017, the TCFD published a series of financial recommendations, structured around four fundamental areas of the organizations' operations: Government.
Strategy. Risk management. Metrics and objectives. The TCFD currently has 31 members committed to helping companies implement the recommendations, as well as promoting and disseminating climate-related information. There are already 1,700 companies around the world that have decided to align themselves with this organization and actively support this initiative! Mexican companies join this initiative In the case of Mexico, as in other countries, implementing the TCFD recommendations is a challenge at the business level. According to Alan The risks that climate change entails were not taken into account by companies , so it is necessary to have a change of perspective to give it the same relevance as operational, strategic or reputational risks, and then incorporate them into the business model.