Systemic risk

Wildfires, floods, pandemics, food insecurity, extreme heat, poor air quality, pests, sanitation failures – these climate-related occurrences have significant consequences on health. And these consequences have an impact on business, as well as the value chain and ecosystem in which each business operates. This is food for thought for the boardroom – where much of the world’s expertise in long-term business strategy lies, and collaboration is naturally part of that business strategy.

This Climate Governance Initiative case study looks at Metro Pacific Investments Corporation (MPIC), a leading infrastructure investment company in the Philippines, viewing the challenges of a developing nation like the Philippines as an opportunity for bold climate leadership.

The 2024 Global Risks Report from the World Economic Forum, published on 10 January 2024, highlights climate as one of the top risks economies and societies are facing both in the near and long term.

In this 2024 Global Foresight report, undertaken by the UN Environment Programme (UNEP) and the International Science Council (ISC), eight critical global shifts are accelerating a triple planetary crisis of climate change, nature loss, pollution and waste.