Climate Risk for South African Directors
Channel: Embedding Project
Date: 2021-04-07

What corporate directors need to know about the risks climate change poses for companies. 

This video is the third of a 4-part series on Climate Risk and Climate Oversight for South African Directors.  It helps corporate directors and leaders to understand the risks of climate change and their role and fiduciary responsibilities to oversee these risks.

Climate change is a planetary emergency that poses severe risks to businesses, society, and the global economy. The science is clear - human activities such as burning fossil fuels and deforestation are causing accelerated global warming. Climate change is already having material impacts worldwide, with disproportionate effects on vulnerable and marginalised communities. Business leaders have both a responsibility and a key role to play in preventing the worst impacts of climate change and driving a rapid transition to a just and low-carbon future. 

00:00 Overview of Climate Risks
00:24 The Urgency of Climate Mitigation
01:07 Task Force on Climate-Related Financial Disclosures
02:10 Physical Risks and Transition Risks
02:46 Voluntary and Mandatory Risk Disclosure
03:43 Climate Justice and Rights

Also watch:
Part 1: Climate Change for South African Directors – https://youtu.be/5DVa8xBgToc
Part 2: Climate Change Impacts for South African Directors – https://youtu.be/DS0m5XBf--4 
Part 4: Climate Governance for South African Directors  – https://youtu.be/CzZ9l0MAfZ0

This series was produced by The Embedding Project

The Embedding Project is a global public-benefit research project that helps companies embed social and environmental factors across their operations and decision-making. https://www.embeddingproject.org/ 

With support from Nedbank and the IoDSA

Nedbank Group, one of South Africa's largest banks, is committed to playing a leading role in addressing climate change. Through its financing choices it aims to enable the necessary transition to a net-zero economy, while also building climate resilience through the funding of adaptation. It offers wholesale and retail banking services as well as insurance, asset management, and wealth management. https://www.nedbank.co.za/ 

The Institute of Directors Southern Africa (IoDSA) is a Non Profit Company that represents directors, professionals, business leaders and those charged with governance duties in their individual capacities in southern Africa. https://www.iodsa.co.za/ 

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