When Treasury & Risk Management decided to tackle the topic of global warming in last June’s issue, it was an acknowledgement that the universe of risks that companies are being forced to consider is growing exponentially–and in ways not contemplated before.

Maybe some of these are threats that will not explode on corporate balance sheets in the next year or even the next five, but as in the case of global warming, they are challenges that cannot be hedged or easily set right if allowed to proceed unchecked. They will require planning and a vision that considers more than just the immediate future.

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