Although the climate seems monolithic, climate risk is local and absolutely manageable.
Companies that haven't made extensive disclosures about their climate risk profile should be prepared for a raft of questions from shareholders.
With massive amounts of investment rolling in, index funds are increasingly driving corporate decision-making.
Stakeholders want more information on climate-related risk, but for the most part it's not readily available.
The effects will be many and varied, experts say.
Recommendations of a Financial Stability Board task force on climate-related financial disclosures are aimed at companies' risk management functions.
With Exxon Mobil and Peabody Energy in the crosshairs over their lack of disclosure, how much exposure do other companies face?