Impact of climate change –transforming business behaviour in favour of sustainable development

Discussion Paper
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This discussion paper aims to identify critical factors to encourage the business and finance sectors to act on transitioning to investments for decarbonised and resilient society by recognising the climate risks and opportunities. Chapter 1 defines climate risks and opportunities for the business and finance sectors, referring mainly to recommendations from the Task Force on Climate related Financial Disclosure (TCFD) under the Financial Stability Board of G20. Chapter 2 identifies some tangible options that business and finance should take to manage climate risks and opportunities. Chapter 3 discusses how green finance can encourage such actions and what are the challenges and how they should be addressed. Finally, Chapter 4 addresses some of critical policy tools and enabling environment for business and finance sector to implement their climate actions toward a decarbonisedand more resilient society.