Prior to COVID-19, companies were already under pressure to address environmental issues from governments, consumers and employees, as well as investors and lenders. COVID-19 has shone a light on how difficult it is to comprehend and prepare for major risk events. This has exposed the disconnect between risk management and business strategy for many companies.
As companies move through the 4 R’s of the pandemic – React, Resilience, Respond, New Reality – there will be very few who do not need to reset their approach to emerging risks.
KPMG’s Climate Risk and Decarbonisation Strategy team can help you understand the nature and scale of the risks and opportunities your business faces from climate change, embed effective risk management and implement the right strategic response. Our experts can guide you at every step of the way as you prepare your business to thrive in a low-carbon world. Our 4 step process can help you to:
Climate change is the next high impact, high probability risk that requires urgent action. Meeting global decarbonisation targets will require economic transformation, led by fundamental business model change. Failing to act is likely to lead to severe financial implications. Now is the time to mitigate your risks and realise the opportunities that climate change presents.
Read the previous section: How can we use the lessons learnt from COVID-19 to better prepare for climate change?
Download our report : COVID-19: key lessons for climate change