This article published by the Global Compact Network Germany outlines how companies can identify and evaluate climate change related risks and opportunities for their business. It vividly shows the connection between these risks and opportunities and how they can affect your balance sheet.
By applying the framework of the Task Force on Climate-related Financial Disclosures the authors illustrate a step by step approach for the assessment. Specifically, Figure 6 on page 10 was an eye-opener for me. This graphic also helped to make the case for climate action in my organization because it translates a very abstract and broad problem such as climate change into business language.
Click on this link to read the full article.
(Picture by Markus Winkler, Unplash)