Climate change is an operational risk. Investors and stakeholders are driving organizations to strategize and manage material risks arising from climate change. Security and risk management leaders must be involved or accept that they will not have the resources to manage this operational risk.

Security and risk management leaders should:

  • Work with enterprise risk and sustainability leaders to ensure that new climate-change-related risks and changes to existing risks are identified
  • Work with community leaders, scientists and emergency management organizations to understand and ensure that the assessments related to operational risks are accurate
  • Validate that response, recovery and restoration plans accurately reflect the impact and likelihood of climate-related risks and other risks that can be triggered by climate-related events
  • Adapt staffing and talent recruitment plans to account for climate risk impacts on operations, starting with prioritizing highest-risk business regions