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Formal Risk System Challenges

In: Climate Risk and Business

Author

Listed:
  • Anna Dowbiggin

    (University of Guelph-Humber)

Abstract

Shifts and adjustments to formal risk systems created by climate risk exposure are likely to involve changes in the risk model of the firm, modifications to the practice of risk identification, and assessment to support management decision-making over corporate risk responses. Current risk taxonomies, prioritization criteria, and assessment tools may be rendered inadequate and in need of upgrading to accommodate the new risk category of climate risk.

Suggested Citation

  • Anna Dowbiggin, 2021. "Formal Risk System Challenges," Springer Books, in: Climate Risk and Business, chapter 0, pages 75-93, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-78244-3_5
    DOI: 10.1007/978-3-030-78244-3_5
    as

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