Value at Risk: Climate Change and the Future of Governance

There is mounting evidence that failure to respond to the risks posed by climate change could result in multibillion-dollar losses for U.S. businesses and investment portfolios, says this report — and that this failure could represent a breach of fiduciary duty on the part of corporate directors and investment decision-makers. The report documents the risks of climate change for a wide array of industrial sectors, including electric utilities, petroleum, gas, agriculture, manufacturing, tourism, water, forestry, electronics, building construction and real estate, and insurance, among others. It offers recommendations to corporate directors, institutional investors, and business leaders on how to assess and address the risks.