Available on-demand
The climate challenge for boards: solutions from the frontlines
Wednesday, January 29, 10:00 ET | 15:00 GMT | 16:00 CET
As the climate crisis grows in urgency, so does the complexity of managing these risks. Boards are no longer solely responsible for protecting their organizations; they are also tasked with leading the way toward a more sustainable future. Strong governance of climate risk is critical, not only for ensuring the resilience of the financial sector but also for progressing the global effort to mitigate climate impacts.
Recognizing this, Fathom, in collaboration with IFI Global, has produced an extensive research report which highlights the current knowledge and skills gaps that boards face. This report doesn’t just highlight the challenges; it provides insights to help boards strengthen their governance frameworks and navigate an evolving risk landscape with confidence.
This webinar will begin by outlining the report’s findings and their implications on board governance. Panelists will then explore the practical solutions that boards can take — both immediate and forward looking — to help boards integrate climate risk within their business operations.
They will discuss five key areas of interest, including:
1. Climate risk: Acknowledged but not prioritized
Most institutions treat climate risk as a general, systemic threat rather than a primary concern.
2. Bridging the expertise gap
Boards lack climate risk expertise, hindering effective integration of climate knowledge into decision-making.
3. A fragmented approach to climate risk integration
Climate risk varies by sector, often lacking standardized frameworks for guidance.
4. The lack of reliable data
Reliable data for both physical and transition climate risks remains limited and untrustworthy for risk committees and CROs.
5. Inconsistent regulation
Climate risk regulation is largely inconsistent across global regions, requiring group directors to conduct effective oversight over varying levels of climate disclosures.
Download the report: The climate challenge for boards: Perspectives from the financial sector
Download the report from Fathom and IFI Global to uncover the key challenges that boards face when tackling climate risk. It explores the lack of standardization in the language used to define climate risk, varying sectoral approaches to measuring physical risk, and limitations in existing data.
