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Businesses need a strategy for future resilience, based on a clear recognition of the potential challenges and ways to overcome them, said Clyde & Co Senior Partner Peter Hirst as he got proceedings underway. Nick Dunlop , Managing Director at Willis Towers Watson, added that quantifying the scale of the issue via risk modelling and impact assessments is essential so that boards can make well informed decisions around issues such as capital allocation and risk mitigation. It’s an imperative that has yet to hit home for many.
“Meeting the UK’s net zero target requires a transition strategy, and many Boards are yet to develop this,” said Julie Baddeley , Chair of the Chapter Zero Steering Committee. However, she is confident that business can solve this looming “emergency” though innovation and adaptiveness, recognising their duty to stakeholders to act now to protect asset values for the future.
Meeting the UK’s net zero target requires a transition strategy, and many Boards are yet to develop this,
Julie Baddeley, Chair of the Chapter Zero Steering Committee
First vote — Is climate change one of the top 10 issues in your companiy’s boardroom?
Yes - always
23%
Sometimes - other issues often take precedence
52%
No - rarely discussed
25%
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