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May 1, 2024

Company boards should target climate impact not just mitigate risk, report urges

The report recommends that businesses and financial institutions should use a ‘theory of change’ to map out the meaningful climate impact they want to achieve and how to reach it © Fizkes/Dreamstime
The report recommends that businesses and financial institutions should use a ‘theory of change’ to map out the meaningful climate impact they want to achieve and how to reach it © Fizkes/Dreamstime

Corporates have been too focused on managing climate as a risk instead of understanding what will drive long-term change, report says

Businesses should move away from treating climate solely as a risk issue in order to increase their impact, a report by the University of Cambridge’s Centre for Climate Engagement and charity Zero Ideas says.

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