Climate Disclosures | Value Beyond Compliance
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The changing climate presents an unprecedented source of risk and volatility for businesses.
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Until recently, there was little in the way of agreed measures for the environmental health of a company and its impact. In response, we now have the Taskforce for Climate-Related Financial Disclosures (TCFD).
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By treating TCFD disclosure as one important outcome from a broader exploration of climate-related risks and opportunities organisations can realise far greater value.
Read Aon’s insights here
The changing climate is a core strategic concern for us all. Atmospheric concentrations of Co2 have now passed 400 ppm, and the knock-on effect of this can be seen in global surface temperatures.
These changes present an unprecedented source of risk and volatility for businesses. In addition to hotter temperatures, the impacts of climate change include more severe and frequent storms, increased drought, rising sea levels, and loss of species on land and in the ocean.[1]
According to the International Panel on Climate Change (IPCC), global emissions need to fall by 43% by 2030 to limit temperature rises to 1.5 ºC.[2] To help meet this target, countries are applying pressure on companies that operate within their borders. A range of stakeholders, including regulators, investors, financiers, insurers, boards, consumers, and communities are expecting organisations to take action on their contribution to emissions.
To track progress, measurable data points are required. Until recently, there was little in the way of agreed measures for the environmental health of a company and its impact. In response, we now have the Taskforce for Climate-Related Financial Disclosures (TCFD).
With TCFD compliance rapidly becoming mandatory across a number of countries, organisations are having to make investments in how they monitor and manage climate risks. By treating TCFD disclosure as one important outcome from a broader exercise exploring both risks and opportunities coming from climate-related impacts, organisations can realise far greater value.
Download our new insights to find out how organisations can use their experience to build resilience and make better strategic and operating decisions.
Read Aon’s insights here
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As your organisation looks to address the risks and impacts of climate change holistically, Aon is here to support your journey towards a resilient and sustainable future.
Say hello to an Aon risk specialist today and find out how we can support you on your climate related risk journey.
Contact | Cecilia Tse | cecilia.tse2@aon.com