A Beginner's Guide to Understanding Climate Change Scenarios

Climate change scenarios were once terms used only in scientific publications. Today, however, they are ubiquitous in discussions about sustainability in a variety of industries, from investors to energy and the food and beverage sector. Consider any product in your home, from an Apple phone to Ben & Jerry's ice cream; companies use some climate scenarios to manage risks.

Climate scenarios are increasingly used as they have become a compliance requirement. In June last year, they were included in the global accounting and sustainability disclosure standards, IFRS, which are used in 168 countries. Under these standards, companies that identify climate change as a financial risk should use climate-related scenario assessments. (Simi Thambi, more at forbes.com)