Will Richardson argues climate risk belongs in the boardroom as a business risk, not in sustainability. Treating it like geopolitical or cybersecurity risk changes which team owns it and how seriously it gets addressed. Systematic monitoring across five stages—identify, assess, respond, report, monitor—protects long-term value.
This needs to be treated like all your other risks. Whether it's geopolitical, whether it's cybersecurity, whether it's interest rate risk, credit risk, cost of capital. This is not a sustainability issue. That reframe from sustainability problem to business risk changes everything. It changes which team owns it, which meetings it appears in, and how seriously it gets treated. Benefit 3: Monitoring enables adaptation. Adaptation protects value. The third benefit is less obvious. But perhaps the most important for long-term resilience. Risk monitoring isn't a one-off exercise. It's a 5-stage ongoing process: identify, assess, respond, report, and monitor.
