Ten climate risk questions every firm should ask
Written by Phil on May 7, 2009 in Crisis Management and Crisis Communication, disaster preparedness.
IBM and Acclimatise have released a check list of questions company directors concerned about climate impacts should ask.
Some examples follow:
Your Risk:
- What are the operational impacts of climate change on your company?
- Which of your company’s key operating assets are located in areas vulnerable to climate change impacts and what are the implications?
- How sensitive is demand for your products and services to climate change impacts?
- How could current and future climate change regulations and industry standards affect your organisation and its reputation?
Your Opportunities:
- What new and enhanced existing products and services can you offer your customers?
- What operational benefits could you enjoy from managing your response to climate change?
- How clear and effective are your company’s internal management responsibilities for climate change and your engagement with stakeholders?
- How well structured is your company’s approach for managing climate change?
- How can you ensure your company’s approach is based on robust information and assumptions?
- How can you demonstrate that your company’s climate business resilience plans are realistic and financially viable?
See Carbon Disclosure Project Report 2008: FTSE 350
Building business resilience to inevitable climate change – The Adaptation Challenge for the complete report, © Copyright Acclimatise and Climate Risk Management Limited, 2009.
