Monday, April 26, 2010

New climate change report rates political and regulatory environments as top concerns by corporate risk managers A survey of risk managers on how climate change risk is perceived and dealt with by their businesses, released this morning, reveals the political and regulatory environments are top concerns among risk managers, survey sponsor Zurich Financial Services Group announced today. The survey, analyzed and reported by the Boston-based investor and environmental sustainability network Ceres and administered jointly with the Professional Risk Managers International Association (PRMIA), sheds light on how 200 risk managers view climate change and its potential impact on their industries.

The findings were announced today at a news conference held during the 2010 Risk & Insurance Management Society (RIMS) Conference and Expo in Boston and are detailed in the report, “Climate Change Risk Perception and Management: A Survey of Risk Managers.”…Some key findings include:
  • Thirty percent of risk managers surveyed said climate change regulation was one of the top five risks facing their company
  • Risk managers are aware of climate risk
  • Strategies regarding how best to mitigate climate risks are uneven
“It’s clear that risk managers are conscious of risks posed to ‘business as usual’ by climate change. Now it is time to convert that knowledge to risk management action,” said Lindene Patton, chief climate product officer for Zurich Financial Services Group and participant in today’s news conference. “It is fitting that we are announcing the results of this informative survey at the RIMS conference, where industry professionals are gaining awareness around emerging risks like climate change. Zurich is redoubling its efforts to make certain risk managers understand the potential impacts to their businesses, and working to offer solutions to help them mitigate such risks associated with climate change.”….

Strong downburst winds associated with a severe thunderstorm flip a several ton cargo shipping container up the side of a hill. Shot by Theonlysilentbob - Tom Stefanac - Vaughan Weather (, Wikimedia Commons, under the Creative Commons Attribution ShareAlike 3.0 License

1 comment:

Dan Pangburn said...

We all fear misguided regulation from our technologically challenged politicians.
Climate change is natural. Belief in human caused global warming is a mistake. Average global temperatures for at least 114 years and counting have been accurately calculated (coefficient of determination, R2 = 0.86). There was no need whatsoever to include the effects of change to the level of atmospheric carbon dioxide or any other greenhouse gas. See how and eye-opening graphics at