Record high and record risk: companies have received a serious warning
The government amended the rules for managing the energy supply crisis on August 1, in response to increasing energy supply risks. The record-low water levels, heat waves, and drought indicate that climate change is already a current problem, which affects domestic energy supply and the regulatory environment. KPMG emphasizes that managing climate risks is an essential part of ensuring the operation and competitiveness of companies. The Portfolio Sustainable World conference will discuss this topic on September 8.
The government amended the rules for managing the energy supply crisis on August 1, which clearly demonstrates that managing risks related to energy supply is increasingly attracting attention from regulators. The record-low water levels in the Danube, heatwaves, and drought make it clear that climate change is no longer a future scenario, but a tangible business risk that affects everything from domestic energy supply to the regulatory environment and daily operations. Therefore, according to KPMG, managing physical climate risks is no longer just a sustainability issue related to regulatory expectations, but a fundamental requirement for business continuity and competitiveness. We will be focusing on the economic, labor market, and operational business risks of climate change at the Portfolio Sustainable World conference on September 8.
