climate risk
Climate risk is the buzzword describing the looming disasters woven by future warming and extreme weather. In corporate CSR reports, it serves as a magic phrase to stage an aura of earnest commitment with charts and figures. Sometimes dressed up as a poetic embodiment of the planet’s cries, in reality it’s often just a tool for political maneuvering over budget allocations. Governments and markets wield the term as a shield to advance greenhouse gas cuts and stakeholder interests simultaneously—but all too often, vested interests prevail.