Corporate leaders have a crucial role to play in addressing both the risks and opportunities of climate change. As climate risks intensify and societal expectations regarding the role of businesses shift, the expectation for directors with respect to their duty of care is evolving rapidly. Director's must be able to demonstrate that they are informed about climate risks and have a strategy to address them. As we better understand the impacts of climate change, demands for corporate action will only intensify. Businesses are responding by transitioning from a focus on compliance with existing regulations to monitoring and disclosing their emissions and climate risks and now to articulating a clear and credible strategy to do their part to reduce emissions and mitigate the potential disruptive risks of climate change. Business leaders will need to be able to demonstrate that they understand climate risks, they have considered them and that they have a strategy to address them. The success of your business depends on the resilience of the social and environmental systems where you operate. As a result, a growing number of companies are adjusting their strategies to ensure that they operate within social, environmental and economic system limits. Businesses need to do their part to help maintain social and ecological resilience and develop a credible climate strategy. Articulating a clear emissions reduction pathway that aligns with climate science is a key component of credible climate strategies. One feat of Fortune 500 companies have committed to setting a science-based emissions reduction target. In line with what science says is necessary to avoid the worst climate impact. Using the agency of the climate crisis, the time frame for action is also being accelerated. The corporate climate pledge calls on signatory companies to achieve net zero by 2040. Ten years ahead of the 2050 deadline set by the Intergovernmental Panel on Climate Change. The financial sector is also responding to demands for corporate climate leadership. Leading banks are transforming their full portfolios to reflect and finance the transition to a low carbon climate resilient economy. Investors, employees, customers and society are also demanding that companies take a clear public position on climate change. Thousands of companies have responded by issuing a climate change position statement. Credible climate position statements clearly explain the climate challenge, link the issues to the business risks and opportunities and clarify corporate climate commitments. Consize, transparent and accessible climate position statements, enable businesses to communicate their position to stakeholders and the communities in which they operate. Position statements also provide direction and confidence to employees to take action within the business. We know what is needed to address the climate crisis. It is time for companies to do their part by investing in the changes they need to make, in their operations, their value chains and their investment practices. When upholding your duty of care, you have a role to play in ensuring your company is addressing the issue of climate change appropriately. Here are some questions that other directors are asking about the climate risks and opportunities their company faces. Does our company understand the full extent of its climate risks and opportunities? And have we undertaken a farce gain to understand our emerging risks and established clear priorities? Do our board and executives have the expertise and processes in place to recognise and address emerging climate risks? How does our company's understanding of climate change inform our strategy and our capital decision making? Have we articulated a credible climate position, credible goals and a strategy that investors, customers, partners and employees clearly understand? Are we disclosing our climate risk and strategy in line with the TCFD? Considering these questions and others will be crucial to managing climate risk and accelerating your company's climate action leadership. Now is the time to take action to protect the prospects and well-being of your business, of communities, of future generations and of the planet.