A report summarizing the initial findings of a study on climate risk management in companies has been published by AICPA-CIMA. The research team includes Monika Wieczorek-Kosmala and Anna Losa, alongside Prof. Mark Beasley and Prof. Don Pagach from NC State University (USA) and Prof. Marco Papa from the University of Bari (Italy).
The study confirmed that companies subject to European Union (EU) regulations on climate risk management and disclosure are significantly more likely to perceive climate risk as a key organizational challenge compared to other global firms. They are also more likely to see climate risk management as a potential strategic opportunity.
Commenting on the importance of the research, Jeremy Osborn, Global Head of ESG at AICPA and CIMA, stated: “This study demonstrates that managing climate-related risks is a priority for EU-based companies, driven by CSRD reporting requirements.” He added: “Non-EU companies have some catching up to do, but EU companies set a strong example for implementing best practices in climate risk governance.”
The full English version of the report is available on the project partner’s website, NC State University - ERM Initiative: "Climate Risk Management: Insights into Business Practices."
A commentary on the findings can be found on the website.
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