With key regulations on hold, companies may be tempted to delay compliance efforts. That may just be delaying the inevitable, however, and not just because the currently stated deadlines may still apply. According to Niamh McCarthy, director of climate-related risks at Orbitas Climate Advisers, many other countries, including Brazil, India and Japan, and states such as New York, Illinois and Washington, are pursuing or have adopted climate-related financial regulations. “Market leaders can see this surge in climate-related financial disclosures as an indicator of what’s to come,” she said.
Risk Management Magazine