Two surveys out this week reveal the growing urgency for organisations to come to terms with the way governance is shaped by climate and other issues on society’s agenda.
If boards need a reminder of the importance of climate change, it came this week in two reports.
Firstly, the Bank of England released a document highlighting that banks and other financial institutions already recognise the risk presented from climate change. A survey by regulators found that 70% of banks accepts that climate change “poses financial risks” and have begun considering the impact on their business models.
Drew Shindell, a climate change expert behind a new report for the United Nations, said that the world was "nowhere near on track" to ensuring that global warming was no higher than 1.5℃ above pre-indust
For thoughtful journalism, expert insights on corporate governance and an extensive library of reports, guides and tools to help boards and directors navigate the complexities of their roles, subscribe to Board Agenda