Covid-19 has provided a crash course in resilience for businesses the world over. Has it prepared organisations for the disruptive challenges that must be managed if the world is to avoid a foreseeable catastrophe in the form of climate change? If we are to reach the target set out in the Paris Climate Agreement to limit the rise in global temperature to below 2°C, the world will need to see a global energy transition that will have huge effects on all organisations. Couple this with the disruption to businesses from physical impacts of climate change such as rising sea levels and extreme weather events, and it becomes clear why markets are demanding greater transparency on the climate risks that firms face and the strategic approaches they are putting in place to build resilience.
Climate change will continue to reshape every aspect of the global economy, from politics to migration, financing and supply chains. This summit will bring together policymakers, business leaders, investors, insurers and scientists to discuss how organisations are preparing to adjust, and what more they should be doing.