Lord Peter Levene, chairman of Lloyd’s of London has told the British Japan Chamber of Commerce that all companies should disclose climate risk. “Risk and the skills and training to analyze, manage and prepare for it needs to be high on the agenda of any board or management team”. He stated that “the climate needs to be a more important factor within that strategy, climate change was not a remote threat, but something that would take effect within our own lifetime, and consequently, the insurance industry, and indeed the wider business community as a whole, need to take action now”.

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