The introductory video (3 minutes, 24 seconds) in this series explained the two main types of risk presented by climate change: physical risk and transition risk.
Physical and transition risks will increasingly put a strain on companies, sectors, markets, and the financial system. The second video (2:27) in the series looks at three risks to the sustainability of companies: policy risk, liability risk, and reputational risk.
The video was developed for the South Africa-UK PACT project, which has been partnering with South Africa since June 2020 to support the acceleration of the just transition and a low-carbon economic recovery after the Covid-19 pandemic. UK PACT (Partnering for Accelerated Climate Transitions) is a flagship programme under the UK’s International Climate Finance portfolio.
