“The climate agenda is always about risks and costs”

Photo from: JSC NovaWind

In order to introduce a climate change agenda into the corporate governance practices of a company, it is first necessary to recognise that it carries risks and costs.

This means that in order to effectively implement the climate agenda, companies need to implement a climate risk management system from the top.

For example, if targets are set for the reduction of greenhouse gas emissions, measures, financial incentives and employee training on the new rules are always developed. And so for each new target. Without this, the targets will not be achieved.

Cover photo: press service of the carbon polygon in the Kaluga region