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Climate risk management (CRM) is a term describing the strategies involved in reducing climate risk, through the work of various fields including climate change ...
Climate risk insurance is a type of insurance designed to mitigate the financial and other risk associated with climate change, especially phenomena like extreme weather. [ 22 ] [ 23 ] [ 24 ] The insurance is often treated as a type of insurance needed for improving the climate resilience of poor and developing communities.
A good risk management plan should contain a schedule for control implementation and responsible persons for those actions. There are four basic steps of risk management plan, which are threat assessment, vulnerability assessment, impact assessment and risk mitigation strategy development. [33]
The CFO’s office plays a vital role in compliance with the U.S. Securities and Exchange Commission’s (SEC) mandate to standardize climate-risk disclosures. Under the rules, public companies ...
Climate services are systems to deliver the best available climate information to end-users in the most usable and accessible formats. They aim to support climate change adaptation, mitigation and risk management decisions. There is a vast range of practices and products for interpreting, analyzing, and communicating climate data.
The indicator 13.3.2 identifies countries who have and have not adopted and implemented disaster risk management strategies in line with the Sendai Framework for Disaster Risk Reduction. The goal by 2030 is to strengthen resilience and adaptive capacity to climate-related hazards and natural disasters in all countries. [13]
In most countries, risk management is decentralised to local governments. In urban areas, the most widely used tool is the local development plan (municipal, comprehensive or general plan), followed by emergency and risk reduction plans that local governments are required to adopt by law and are updated every 4–5 years. [37]
CDP's climate change program aims to reduce companies' greenhouse gas emissions and mitigate climate change risk. CDP requests information on climate risks and low carbon opportunities from the world's largest companies [7] on behalf of over 800 institutional investor signatories with a combined US$100 trillion in assets.