There is growing recognition and scientific understanding of the physical and transitional impacts that climate change will have on society and businesses. Rather than attempting to predict specific climate change effects, organisations can use scenario planning to increase strategic robustness and identify opportunities under a broad range of plausible climate change outcomes, an approach recommended by the Task Force on Climate-related Financial Disclosures (TCFD).
This article illustrates how Rolls-Royce did this easily, quickly, and effectively. By having conducted this case, Rolls-Royce is in a better position to respond to investor disclosure requests, to help shape external policy, and to strengthen its strategy.
This case study is an extract taken from the paper "How to prepare your business for climate-related risk". To read the full paper, click on the link below.