These challenges vary widely, and depend largely on the size of the company as well as the context within which it operates. The scale and extent of private sector involvement in and support for the Paris Agreement is a recent illustration of this. The Global Commission on Business and Sustainable Development, headed by Unilever, highlights why companies need to engage in delivering the SDGs: economic benefits from new markets and innovation, risks to business performance and stability, and the necessity to work closer with the government and other stakeholders in the future (Business and Sustainable Development Commission, n.d.). In a well-publicised speech before COP 21, the Governor of the Bank of England identified three categories of risks to financial stability from climate change: physical risks, liability risks and transitions risks. Physical risks are risks to companies and insurance providers from damages to property (e.g. companies in vulnerable areas) and disruption to trade (e.g. non-resilient value chains).