Insight / Climate Change Risk Practice
Partner Kathryn Ashton says insurers should be prepared to address policyholder demands for coverage in response to… twitter.com/i/web/status/1…
2 hours ago
The effects of climate change are unprecedented. Conventional risk management is challenged.
Climate change is unprecedented in human history, meaning traditional risk-management methodology may no longer be fit for purpose – in many ways, the past is no longer an accurate guide to the future. Lawyers are trained to scan the horizon, review long-term strategic objectives and identify areas of current and future risks in a way few other professions can. A law firm can therefore be an invaluable partner in incorporating assessments of climate risk and business resilience into corporate strategies.
Clyde & Co, as an international full-service firm with key sector strengths in aviation, construction, energy, insurance and trade, is helping its clients to understand and mitigate future climate risks across industries, supply chains, and regions in a way other firms can't match.
We realised years ago climate change would be of paramount importance to our clients' businesses, and have invested significantly in building a cross-disciplinary and cross-jurisdictional team with knowledge of climate change risks to business.
Clyde & Co can help in three key ways:
More specifically, our in-depth knowledge of climate risk can assist with:
In view of the wide range of possible liability exposures related to climate change, there is no simple ‘one size fits all’ solution for companies, and law firms are essential to creating a coherent long-term strategy to understand, mitigate and deal with these risks.
Our knowledge, strategic skills, networks and international experience can assist businesses to manage the risks they are facing today and prepare for the risks of tomorrow, while not losing sight of the key opportunities created by the transition to a low-carbon economy.