Young People shout about climate change

2nd September 2017

P9 iema futures

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Paul Billington

Ever feel like a spectator at the demise of the world as we know it? You are not the only one. IEMA Futures, a group of young people fighting for what is right, want to make our feelings known to government, business and anyone else who will listen. But what will it take for them to listen?

In a world ruled by industry and finance, the change will have to come from them. Can we change behaviour and turn climate change risk into a serious financial problem? Experts have suggested that the next financial crisis will be climate-related and that the value of risk to global assets will range from $4.2trn (£3.2trn) to $43trn between now and 2100.

Could we be on the brink of a new trend in climate disclosure lawsuits? The world’s first claim has been lodged recently against the Commonwealth Bank in Australia. Environmental Justice Australia said the bank failed to adequately disclose its climate risk in its annual report.

In 2017, the G2O’s Task Force on Climate-related Financial Disclosure recommended firms should disclose climate information as part of annual financial reporting. As a result, a host of companies have committed to this framework – but will it change the way we do business?

If you are a young person wanting to drive change to a more sustainable world, then contact us: @IEMAFutures on Facebook,Twitter and LinkedIn, and at upcoming events.


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