Climate change will bite hard-II: Petroleum industry to be hit hardest
Nov 07: One of the big steps for companies will be to identify the material threats to their business models. 8Guidelines will eventually evolve in India for financial disclosure on climate risks, as is being undertaken by some advanced countries. 8Tasks forces will have to be put in place for detailed disclosure of climate risk implications by financial institutions as well. 8The reporting therefore have to go beyond mere carbon foot printing. 8No Indian company or financial institution have a much of an idea about how climate change will impact their businesses. 8The petroleum industry will be the one which will be hit the hardest. Click on Reports to find out more.