Learn more about the future of carbon accounting and sustainability reporting. From new laws to technological innovations - everything at a glance.
The capacity of an undertaking to adjust to climate changes, and to developments or uncertainties related to climate change. Climate resilience involves the capacity to manage climate-related Scope 1 and benefit from climate-related opportunities, including the ability to respond and adapt to transition risks and physical risks. An undertaking’s climate resilience includes both its strategic resilience and its operational resilience to climate-related changes, developments or uncertainties associated with climate change.
A climate risk analysis assesses the impact of climate-related risks, such as physical damage due to extreme weather events or regulatory changes, on companies. It serves as a basis for strategic decisions to minimize these risks and adapt to climate change.
Climate risks arise from significant changes in the Earth's spheres and are a result of changes in the climate and environment caused by humans.
Potential positive effects related to climate change for the undertaking. Efforts to mitigate and adapt to climate change can produce opportunities for undertakings. Climate-related opportunities will vary depending on the region, market, and industry where an undertaking operates.
Risks resulting from climate change that can be event-driven (acute) or from longer-term shifts (chronic) in climate patterns. Acute physical risks arise from particular hazards, especially weather- related events such as storms, floods, fires or heatwaves. Chronic physical risks arise from longer-term changes in the climate, such as temperature changes, and their effects on rising sea levels, reduced water availability, biodiversity loss and changes in land and soil productivity.
Risks that arise from the transition to a low-carbon and climate-resilient economy. They typically include policy risks, legal risks, technology risks, market risks and reputational risks.
The EUDR imposes strict evidence obligations on companies dealing with raw materials.
The Conference of the Parties is the highest decision-making body of the UN Framework Convention on Climate Change.
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