The Charted Accountants of Canada (CAC) have put out a Climate Change Briefing entitled, "Questions for Directors to Ask". It outlines climate change as a business risk issue and writes a compelling argument as to why Boards of Directors (BoD’s) should consider climate change in their oversight of a corporation. The article gives a high level summary of the issues BoDs need to consider and outlines the following potential business areas that might be impacted by climate change:
- Continuity of Business Operations
- Access to Capital
- Access to Insurance
- New Capital Expenditure Considerations
- Increased Inter-Jurisdictional Operating Complexities
- New Considerations in Mergers, Acquisitions and Divestitures
Additionally, CAC outlines a set of 20 questions for BoDs to ask their climate change teams. The questions are listed here in the form of a checklist. Is your company prepared to answer these questions?
By: Steven Pacifico, Manager of Sustainability and Stakeholder Engagement, The Delphi Group, .(JavaScript must be enabled to view this email address)