K&L Gates LLP
Climate Impact & Sustainability Data (2009)
Reporting Period: 2009
Environmental Metrics
ESG Focus Areas
- Climate Change
- Greenhouse Gas Emissions
- Insurance Coverage
Climate Goals & Targets
Environmental Challenges
- Increasing climate change lawsuits against companies with significant GHG emissions.
- Lack of coordination between risk managers and climate change/sustainability programs.
- Uncertainty regarding insurance coverage for climate change litigation.
Mitigation Strategies
- Companies should start asking questions about insurance coverage for litigation defense and indemnity.
- Integrating climate change issues into a company’s overall business strategy.
- Reviewing existing and historical third-party liability policies for potential coverage.
- Considering pollution legal liability (PLL) policies.
Supply Chain Management
Climate-Related Risks & Opportunities
Physical Risks
- Hurricanes
- Flooding
- Diminution of sea ice
Transition Risks
- Climate change litigation
- Regulatory changes
- Increased insurance premiums