The 2023 Climate Risk Landscape

The past few years have demonstrated a remarkable level of volatility. Efforts to establish a new normal after the COVID-19 pandemic were interrupted by the Russian invasion of Ukraine, and a wave of food and energy crisis. Central bankers have continued to raise interest rates to tame inflation, ending the lower for longer regime that has persisted since the Global Financial Crisis. Amid these changes, societies must contend with the worsening effects of human-caused climate change and the critical economic transition to a net-zero emissions future. The impacts of climate change and the necessary transition will impact almost every human and natural system. Successful companies and communities will be ones that are resilient in the face of these challenges.