Key Points
Despite the unknowns related to the exact time and location of extreme events, many current tools can be deployed to determine how physical risks influence company operations and impact key partners and stakeholders:enterprise risk management,business continuity planning, andsupply chain managementall offer good entry points for increasing corporate resilience to todays and tomorrows risks...
Climate adaptation refers to activities that increase climate resilience and enable better coping with a changing climate from protecting employees well-being to protecting assets and operations in the face of changing risks...
However, many corporate climate adaptation strategies lack quantitative and systems-level analysis: 48% of businesses assess climate risks at the qualitative level only and lag in the quantification of current and future impacts..
Ambition: Help set corporate resilience goals and establish the level of climate change and resilience to prepare for and aim for. Analysis: Inform colleagues and partners by mapping risk across assets, operations and stakeholders and identifying possible adaptation interventions..
Addressing the multifaceted impacts and risks posed by climate change requires adaptation strategies to consider wider systems-level factors everything from capital providers and government regulators to suppliers, infrastructure and customers, as well as ecosystem services and local communities...
