Climate change is a hot topic. Not only for citizens, but also for the corporate world. The Paris Agreement, and growing public and regulatory pressure, brought the matter to the top of the corporate agenda. Companies understand that managing the risks and opportunities arising from climate change now is crucial to becoming future-proof. However, this is not yet a majority.
Five misconceptions about climate-related risks
Misconception #1: 'Our company will not be hit by climate-related risks.'
Misconception #2: 'Our company already has a sustainability plan.'
Misconception #3: 'Our risk management department looks at all risks.'
Misconception #4: 'Climate change: we'll see it when we get there.'
Misconception #5: 'Taking actions on climate change only costs money.'
Over the past years, we have heard a number of arguments to not act on climate-related risks, which essentially are misconceptions. In this document we will clarify the five most common and important ones, to help you understand the risks.
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Senior manager Climate Risk
KPMG in the Netherlands