Directors and corporate leaders are generally aware that climate change has caused a lot of damage and disruption; and is bound to do far worse as it intensifies. However, they may not understand well the specific impact that climate change has and will likely have on their businesses.

Given the widespread direct and indirect effects of global warming, all companies are exposed to climate-related risks and opportunities, which they must properly consider.

In this workshop for directors and senior management, Professor Mak Yuen Teen and Dr Khoo Guan Seng will share insights from their report on the role of the board of directors in overseeing climate risks and opportunities. They will also help participants understand key climate change concepts, principles and risk management issues relevant to their organizations’ activities. The coverage will include identifying opportunities for financial institutions and other corporations to support climate change adaptation and mitigation while helping them to explain climate change and the impact, including risks, to their other stakeholders. It will also help boards and management to shape their organization’s strategies, policies, products and/or services in response to climate change, climate change policy and market developments.

The program will also cover other topics relevant to boards in the context of climate risks and opportunities, such as putting in place appropriate governance and management structures, assessing materiality, integrating climate indicators into management remuneration, reporting and assurance, and greenwashing. The faculty will share insights from their research on company practices in these areas.

Professor Mak and Dr Khoo will discuss 10 key questions that boards should ask in discharging their oversight responsibilities for climate risks and opportunities, and good practices in this important area.

The program will be highly interactive with discussion of real-life case studies and scenarios relevant to climate risks and opportunities.