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ANNUAL MEETING OF DIRECTORS OF METEOROLOGICAL SERVICESDoc. 2 St. George\'s, GRENADA, 9 NOVEMBER 2016STATUS OF ACTIONS FROM THE PREVIOUS MEETING(Submitted by the Coordinating Director)INTRODUCTION1.
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Climate risk refers to the potential negative impacts of climate change on organizations, including physical risks from extreme weather, transitional risks from shifts in policy, and liability risks. Early reporting involves disclosing these risks proactively to stakeholders.
Organizations that meet specific criteria, such as being publicly traded or having a certain revenue threshold, are typically required to file climate risk and early disclosures.
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Organizations must report information related to governance, strategy, risk management, metrics, and targets related to climate change and its potential impact on their operations.
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