Alarmed by significant increases in weather-related property damage, the financial community is mobilizing to understand climate change and minimize associated investment risks. The resulting climate-related project resiliency criteria creates opportunities for professional services to navigate community infrastructure and business financing within existing legal fields.
Scant greenhouse gas–reduction mandates have been ineffective in preventing climate changes. Similarly, required corporate-climate disclosure remains sporadic and general. Some corporations voluntarily disclose climate-related information in environmental, social, and governance (ESG) publications. In contrast to this greenhouse gas reduction and reporting activity, recent severe weather damage is mobilizing financial industry action to evaluate the climate resiliency of new investments.