Businesses ‘vulnerable’ if they fail to confront climate risk
Academics insist business leaders need to take the Paris climate change agreement seriously or increase the risks to their business models.
Businesses that fail to understand that policy makers were serious about cuts to carbon usage at the Paris COP 21 meeting in December risk making themselves “vulnerable”, according to a report from senior academics.
Writing in response to a consultation run by the Task Force on Climate-Related Financial Disclosures, academics warn that businesses must adjust.
“…business models reliant on the assumption that governments were not serious in Paris are looking increasingly vulnerable,” say writers Dimitri Zenghelis and Lord Nicholas
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