see also...
Adapting to Climate Change: A Business Approach
This report from the Pew Centre examines a range of risks businesses face from the physical impacts of climate change and presents a framework for assessing vulnerability to these risks across a company's operations, value chain, and broader commercial environment.
The study focuses on a critical first step in assessing climate impacts: understanding the potential risks to business from the physical effects of climate change and the importance of taking action to reduce those risks. It examines case studies of three companies in the Pew Center's Business Environmental Leadership Council (BELC) that have taken initial steps to address these risks.
The report finds that susceptibility to the physical effects of climate change varies considerably across sectors of the economy. For example, higher demand for air conditioning during prolonged heat waves could stress and possibly overwhelm the electricity grid. Longer and more intense rains could restrict access to construction sites and slow productivity in the buildings sector. And the agriculture industry is at risk of extreme drought that could render previously arable land unusable. While some sectors are more at risk than others, all businesses face the possibility of property damage, business interruption, and changes or delays in services provided by electric and water utilities and transport infrastructure.