Risk in Context Podcast: Risk managers’ critical role in climate risk mitigation and adaptation

As the impacts of climate change become more pronounced, communities and businesses around the world face unprecedented challenges that require innovative solutions and collaborative efforts to mitigate risks, build resilience, and adapt to current, emerging, and evolving risks.

During last month’s COP29, the United Nations Climate Change Conference, multiple stakeholders from the private and public sectors discussed the urgency of effective adaptation and mitigation strategies to address the impacts of climate change, including heat and water scarcity. Effective insurance solutions and risk management strategies have an important role to play to help businesses address the impacts of climate change on their people and operations. 

Considering the importance of a dynamic risk management approach to help organizations prepare for climate-related risks, it is critical to involve risk and insurance professionals early to help assess the viability of investments, ensuring that they align with organizations’ sustainability goals.

In this episode of Risk in Context, Amy Barnes, Marsh's Head of Climate Change and Sustainability Strategy, speaks with Nick Faull, Head of Climate and Sustainability Risk at Marsh, and Swenja Surminski, Managing Director, Climate and Sustainability at Marsh McLennan. They share some of the key takeaways from COP29, talk about the role of insurance, and discuss how risk professionals can leverage advanced tools, technologies, and dynamic strategies to help their organizations navigate today's complex climate landscape.