Since the release of the first GARP Risk Institute (GRI) climate risk survey in 2019, the financial risks of climate change have only intensified.
Positively, the 2021 report reveals that boards are stepping up their oversight and engagement. Ninety-two per cent of surveyed firms report board oversight of climate risk, with C-suite level executives accountable for climate-risk assessments and management efforts at over 90% firms.
Read more about the state of climate risk management, with results from 78 of the top financial firms around the world, with GRI’s new report.