Climate risk is financial risk, and companies and their boards should manage it as such. Climate risk can be quantified, measured, and mitigated. It can represent a strategic opportunity for competitive differentiation as long as the company's claims for differentiation can be audited and are meaningful to its customers.
It matters how a company does its carbon accounting. Management and the board need rigorous emissions accounting to understand and mitigate risks and seize opportunities.
Excellent discussion between Dr. Sabine Dembkowski from Better Boards Ltd. and Michael Mahoney from the E-liability Institute - you can learn more about the E-liability methodology at their website:
https://e-liability.institute/