The insurance companies have stopped covering certain risks. Supply chains are breaking. New legislation is rewriting business models. Yet most organisations are still treating climate and operational risk as a future problem.

In this episode, Will Richardson explores why corporate risk management has lagged behind market reality — and what needs to shift in how boards measure, weight, and act on climate and operational risk.

We break down:

• Why risk assessment frameworks built 20 years ago don't work anymore
• What the insurance market collapse tells us about exposure
• How to integrate climate risk into capital allocation decisions
• The three concrete moves organisations are already making (and gaining competitive advantage because of it)
• What your CFO and board actually need to know

Whether you're in financial services, supply chain, or the C-suite, this conversation is about business resilience, not environmental compliance.

Listen and subscribe to Sustainability Solved for weekly intelligence on building strategy that works in a changing world. New episodes as often as possible, 2-3 times per week. .

Mentioned in this episode:

51-0 Referral Link

Keep informed on Sustainability News

I'm Will Richardson, Head of Ecosystems at 51toCarbonZero and a sustainability advisor with 25 years in the field. I founded Green Element in 2004 and spent two decades building it into one of Europe's most respected sustainability consultancies before it merged with 51toCarbonZero in November 2025. Climate action is both an obligation and an opportunity, and that's the thread running through everything I write here. I co-created Compare Your Footprint, carbon accounting software recognised as a key player in the Global Carbon Accounting Software Market, and I'm a Fellow of IEMA and a Chartered Environmentalist. Each week, I break down what's actually happening in sustainability: the data, the regulation, the greenwash worth calling out, and the practical steps businesses can take right now. No jargon, no doom-mongering, just clear thinking for people who need to make real decisions. I also host the Sustainability Solved podcast with Charlie Luxton, 200+ episodes and counting, where we talk to the people building the solutions. Based in Scotland. Writing for business leaders who want sustainability to make commercial sense, not just moral sense.

My Personal Substack