Climate Risks for Corporate Directors
Channel: Embedding Project
Date: 2021-10-29

Topic: 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 Corporate 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
00:29 The Urgency of Mitigation and Adaptation
01:19 Task Force on Climate-Related Financial Disclosures
02:10 Physical Risks and Transition Risks
02:57 Voluntary and Mandatory Risk Disclosure
03:50 Climate Justice and Rights

Also watch:
Part 1: Climate Change for Corporate Directors – https://youtu.be/vGdA0_sfHV0
Part 2: Climate Change Impacts for Corporate Directors – https://youtu.be/QnI0Rnw7vm0
Part 4: Climate Governance for Corporate Directors  – https://youtu.be/CsQ72iPsQBE 

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, CPA Canada, the IoDSA, and ecoDa.

Nedbank Group is one of South Africa's four largest banks, with Nedbank Limited as its principal banking subsidiary. Nedbank offers wholesale and retail banking services as well as insurance, asset management, and wealth management. https://www.nedbank.co.za/ 

Chartered Professional Accountants of Canada (CPA Canada) is Canada’s national organization established to support unification of the Canadian accounting profession under the Chartered Professional Accountant (CPA) designation. CPA Canada is one of the largest national accounting organizations in the world and is a respected voice in the business, government, education and non-profit sectors. https://www.cpacanada.ca/ 

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/ 

ecoDa (the European Confederation of Directors' Associations) is an independent umbrella organisation that represents the main national institutes of directors in Europe. Their member institutes are each recognised as the leading institute for directors and governance in their respective country and bring together about 50,000 individual directors across 21 countries, sitting on the board of companies of all sizes and sectors. https://ecoda.org/ 


In an effort to provide broad access and to manage the carbon impacts of streaming our videos, we compress our video files.  You can learn to do the same using this guide: https://theshiftproject.org/en/guide-reduce-weight-video-5-minutes/