The top three risks by severity and for the next 10 years, according to the World Economic Forum’s Global Risks Report 2022, are Climate action failure, extreme weather and biodiversity loss. Therefore, business managers and leaders must prioritise climate action in their operations.
Over 1,000 experts and leaders in business, government and civil society have reached a consensus. Climate action failure is the most critical threat to the world in both the medium term – up to five years – and over the decade, with the highest potential to severely damage societies, economies and the planet.
