Climate risk management is a hot topic in boardrooms today. Organizations around the world are actively talking about climate change risk management and what that looks like in their governance structure, strategic plans and financial reporting.
In this episode of Accounting for the Future, host Armand Capisciolto, BDO's National Accounting Standards Partner and Accounting Advisory Services Leader, is joined by Kristyn Annis, a corporate commercial lawyer at BLG specializing in energy and climate change. Together they discuss director responsibility for climate risk management, regardless of mandatory climate risk disclosures, and the impact it can have on an organization – and the world.
What You'll Hear In This Episode:
[2:02] Similarities between climate risk management and other board responsibilities.
[7:32] Core principles and duties held in the CBCA and OBCA.
[10:50] Long-term concerns regarding corporation sustainability.
[22:32] Practical points of the fiduciary duties.
[24:26] Best practices for directors, moving forward.
[27:50] The impact and implications of mandatory reporting.
[33:20] Potential changes to climate change management and strategy.
[35:38] The influence of institutional investors in the boardroom.
Mentioned:
BDO
Kristyn Annis
Additional Resources:
