7 Key Takeaways from the IBGC Governance 360 Panel: Climate Change Impact on Business
29 November 2024
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The IBGC panel discussion Governance 360 on November 26, 2024 highlighted critical insights on climate change's impact on businesses. Agnes Blanco, Managing Director in Brazil, shared insights from global investment perspectives around environmental and climate topics on related to financial institutions. Boards and directors for Brazilian companies should take close attention and include:
- Rising Climate Litigation: Brazil leads with 82 climate-related lawsuits, posing significant reputational and financial risks.
- ESG Opportunities: 90% of executives see ESG as a value-generation opportunity.
- Sustainability in Decision-Making: 55% of respondents integrate sustainability into business decisions, up significantly from past years.
- Regulatory Motivation: Regulation drives sustainability adoption.
- Scope 3 Challenges: Banks struggle to incorporate climate risks into global risk management models.
- Data Access Challenges: Companies face difficulties accessing relevant data for sustainability initiatives.
- Long-term Value: Boards must guide companies toward long-term sustainability, emphasizing data-driven strategies.
Summary
Learn more about the discussion from the IBGC Governance 360 Panel: Climate Change Impact on Business.
