The transition to net-zero greenhouse emissions by 2070 may lead to extensive policy, legal, technological, and market-related changes. Each change carries associated risks. We are already witnessing a shift from fossil fuels to green energy as well as technological innovations, such as electric vehicles and carbon-free grids. Companies that do not take cognisance of the emerging reality and fail to align themselves may find it difficult to survive and sustain the resultant financial, competitive, and reputational risks. Investors, lenders and other stakeholders would need a basis to comprehensively assess the impact of climate change on company operations, the resultant risks,
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper
