Climate Change Adaptation
Every business should have an adaptation strategy but adaptation is not well understood in the corporate world.
We can support your organisation to build business resilience to inevitable climate change. Leading businesses are increasingly recognising the reality we face. It’s not just about energy and carbon mitigation, we must also adapt to inevitable climate change.
The Intergovernmental Panel on Climate Change (IPCC) have stated that we already face many years of continuing unavoidable change. Even if we were able to stabilise atmospheric concentrations of greenhouse gases (GHGs) immediately, we would need to cope with a changing climate for the next 40-plus years, because of past and present-day emissions. The future climate is already determined for the coming years and the impacts cannot be ignored.
Recognising these changes and creating strategies to protect your business is a necessary step every business must undertake. This challenge is even more vital for companies with complex supply chains, large fixed assets & building portfolios and a dependency on natural resources.
We can help you integrate adaptation into your business and sustainability strategies so you can fully understand the current risk and opportunities you will face and the various interconnected risk areas. The below diagram will outline the systemic adaptation approach that is needed to insure your commercial success. We can help you develop:
- Adaptation strategy
- Risk assessment
- Climate hazard analyses
- Asset portfolio assessment
- Project or operation risk assessment
“Ten years ago we were talking about these impacts affecting our children and our grandchildren. Now it is happening to us. Even if we achieve a cap at two degrees, there is a stock of major impacts out there already and that means adaptation. You cannot mitigate your way out of this problem.”
Prof Martin Parry, Co-chair, Intergovernmental Panel on Climate Change (IPCC) 2007