29 Mar '13, 3pm

6 steps to managing your company's physical climate risks

6 steps to managing your company's physical climate risks

The massive amount of "noise" associated with today's weather patterns complicates the process of figuring out what you are adapting to; clear conclusions can be hard to find. Taking a longer-term view as part of a climate change adaptation strategy can help in interpreting near-term trends as well. Adapting to the weather, done at the local level by operational staff, can result in a patchwork of responses to changing climatic conditions that confuses stakeholders and complicates corporatewide investment decisions. A coherent climate change adaptation response will be based on corporatewide risk management principles, helping avoid such confusion. Focusing only on "the weather" may leave game-changing risks and opportunities unidentified. What if a company's entire business model is at risk over the next 20 to 40 years due to "high confidence" climate forecasts? Shouldn't...

Full article: http://www.greenbiz.com/blog/2013/03/29/6-steps-managing-...

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