Risk Management: The Price of Climate

The video discusses the multifaceted risks of climate change, including financial, physical, and transition risks. It highlights the economic implications, such as potential costs and opportunities, and emphasizes the need for resilience and adaptation strategies. The speaker also addresses the challenges of decoupling GDP growth from emissions and the role of consumer sentiment in driving change. The Q&A session explores how companies, particularly in the US, can manage these risks and leverage opportunities.

What is the main focus of the IPCC report mentioned in the introduction?

• Reducing geopolitical tensions

• Solving all climate-related problems

• Changing the trajectory to limit global warming

• Increasing economic growth

According to the Carbon Disclosure Project Report, what is the estimated financial risk of climate change?

• More than $1 trillion

• Around $2 trillion

• Exactly $650 billion

• Less than $500 billion

What is the estimated opportunity value identified by companies in the transition to a low-carbon economy?

• $2 trillion

• $1 trillion

• $4 trillion

• $3 trillion

What is a significant challenge in decoupling GDP growth from greenhouse gas emissions?

• Lack of technological innovation

• Rise of nationalism and divisive politics

• Overpopulation

• Insufficient financial resources

What is a key factor that complicates global cooperation on climate issues?

• Technological advancements

• Economic prosperity

• Divisive identity politics

• Cultural diversity

Why is building resilience important for businesses?

• To increase short-term profits

• To mitigate potential impacts of climate risks

• To reduce employee turnover

• To expand into new markets

What percentage of US companies reported no risk in the CDP Report?

• 10%

• 25%

• 50%

• 75%

What is the benefit of investing in pre-event resilience building?

• It costs more than recovery efforts

• It is worth five times the recovery efforts

• It has no financial benefit

• It only benefits large corporations

What is the role of insurance in managing climate risks?

• Eliminating all risks

• Building resilience

• Providing financial recompense

• Increasing business profits

What is a competitive advantage for companies in addressing climate risks?

• Ignoring transition risks

• Setting science-based targets

• Focusing solely on short-term profits

• Relying on government intervention