Our environmental partner, Ana Luci Grizzi, and Chris Burt, co-founder of the Risk Coalition, discuss about how companies’ risk appetite concerning environmental matters is being reevaluated in view of our new socioenvironmental context. Considering that environmental risks are, indeed, financial risks, but still are not reflected in financial statements, Ana and Chris will be discussing how fragile it is to ground risky decisions on the business judgement rule and on the backward looking strategy to overlook environmental compliance in the ESG era.