In a new report on climate change, Zurich points out that companies need to respond to the threats and opportunities of climate change and that investors' and consumers' attitudes are changing.
Indeed, changes to companies' legal risks are already materialising now. Be it in the context of investments, supply chain managements or regarding potential accountability for environmental risks.
On Thursday, 12 October 2018, we will be hosting a conference on product liability and recall in our Dusseldorf office. One of the main topics this year will be Climate Change and Litigation Risks and how companies and their insurers may be responding to a changing risk environment. Feel free to get in touch if you are interested in the materials.
According to Zurich, companies need to consider two main scenarios – the failure to act on climate change, resulting in rising physical risk, and a transition phase where society takes measures to reduce carbon emissions. The risks and opportunities from this transition are potentially of more immediate relevance for companies, according to Alison Martin, group chief risk officer at Zurich, who attended the gathering of investors and CEOs in New York.