Heidrick & Struggles: The Emerging Role of the Climate Risk Officer
As a result of the increasing climate change concerns, companies across all industries are seeking to add climate risk to their risk profile assessment and the necessary leadership to spearhead these efforts.
The financial institutions were the first to develop a comprehensive approach to address climate risk, uniting broader ESG efforts across the platform to quantify a coordinated climate risk program. Having a climate risk officer becomes critical in determining the firm’s ultimate exposure across functions and business lines.
Heidrick & Struggles lays out four dimensions they have been assessing in potential climate risk officers:
- Broad portfolio oversight
- Analytical fluency
- Ability to articulate vision and execute strategy