"The transition towards a low-carbon, climate-resilient economy is increasingly shaping business globally and across the economies where the EBRD invests. There is now broad recognition that climate change is a systemic source of risk to business and financial stability, and that companies need to strengthen their corporate climate governance in order to adjust to this shifting market context.
Yet the majority of companies in emerging markets have little visibility on what their climate risk exposure might be." EBRD sees "this in the gulf between levels of governance and disclosure of climate-related risks and opportunities in developed and emerging markets."
The article is prepared by the EBRD in English language. Click here to access the article.
Source: EBRD
Illustration: EBRD