Paul Kedrosky reports on "a list of risks most fretted over by corporate risk sorts." This is a Ceres report on concerns regarding the impact on climate change (and how concerns about the impact might affect regulation).
From the report:
1. The majority of corporate risk managers are aware of and concerned about at least
some aspect of climate risk.▪ Regulatory risk and its potential costs are of highest concern.
▪ Concern about nearer-term physical risks of climate change is stronger than anticipated.
2. Climate risk management strategies are uneven.▪ Climate risk is managed at senior levels in some companies, and by no one in others.
3. Climate risk management products and services are unclear▪ Risk managers are not sure whether liability coverage is adequate within existing insurance products – or may be unsure what exact liabilities will be realized as a result of climate change.
▪ Insurance products and risk consultation services may not be adequate, and more communication between insurers, risk advisors and risk managers are needed to understand where extensions may be necessary.