Top 10 Tips For Introducing a Climate Risk Strategy Within Your Organization.
1. Build Climate Risk Governance
Build climate risk governance into existing planning and frameworks where possible, to avoid reinventing the wheel and the need for additional resource.
2. Engage with your finance team
Finance is key in demonstrating valueTherefore, early engagement to get finance teams on board will help with senior management buy-in.
3. Costs and Resources
There will be a cost and resource implication for developing climate change related initiatives in a company, but this should be reframed in the same way as marketing budgets, new business continuity and resilience tools and extra headcount would be – the finance teams won’t be visible straight away but it’s important for the long-term future of the company.