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Questions Your Board of Director’s Might be Asking You with Regards to Climate Risk

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)