Gray Rhino & Company CEO Michele Wucker participated in a virtual panel discussion organized by Chapter Zero Italy and NED Community on assessing long-term climate impact scenarios, held July 6, 2023.
Starting from the Task force on Climate Financial Disclosure (TCFD) recommendations, the panel talked about the transmission channels of climate risk on companies’ performance and how to use scenario analysis as a tool for assessing exposure to long-term climate economic impact scenario risks.
The discussion on scenario analysis emphasized the relevance of addressing climate risk – defined as a “gray rhino” because it’s a highly probable, yet all too often, neglected threat – and to evaluate strategic choices in a responsible way, providing board members the tools to develop an open mindset, so they are able to tame gray rhinos.
Introduction
Stefano Pareglio, Full Professor of Environmental and Energy Economics at Università Cattolica – Milan and advisor Deloitte Climate & Sustainability
The role of climate scenarios in building strategic planning
Giovanni Guastella, Associate Professor of Applied Economics at Università Cattolica – Milan and advisor Deloitte Climate & Sustainability
Discussion
Michele Wucker, Founder, Gray Rhino & Company and Author of “The Gray Rhino” (recently published in italian: “Il rinoceronte grigio: come prevedere e affrontare I rischi ovvi che spesso ignoriamo”)
Moderator
Sabrina Bruno, Full Professor of Comparative Company Law, Unical – Luiss G Carli, Member of the Governing Board Climate Governance Initiative and Steering Committee Chapter Zero Italy the Nedcommunity Climate Forum
Watch below:
- Gray Rhino Risks and Responses to Watch in 2024 - January 10, 2024
- Chapter Zero Italy: Assessing Long-term Climate Impact Scenarios - August 8, 2023
- Banking Crisis Part II: Some Obvious Lessons that Bear Repeating - March 24, 2023
