New report makes the business case for private sector adaptation to climate change in ways that build the resilience of vulnerable communities

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Article
21 June 2011

Six Things Companies Need to Know About Climate Change Adaptation

Author: Janet Ranganathan, World Resources Institute

In a survey of global businesses, 86 percent described responding to climate risks or investing in adaptation as a business opportunity. So finds a…report…by the UN Global Compact, the UN Environment Programme…Oxfam and the World Resources Institute….Adapting for a Green Economy: Companies, Communities and Climate Change makes the business case for private sector adaptation to climate change in ways that build the resilience of vulnerable communities in developing countries. Here are some important things about climate change adaptation that all companies should know: Climate change adaptation differs from climate mitigation…Climate change is already happening…Climate change creates business risks at multiple points along corporate value chains…Preparation is everything…Climate change creates business opportunities as well as risks…Climate adaptation is a mainstream challenge…[refers to Anheuser-Busch, Cemex, Swiss Re]

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Article
20 June 2011

[PDF] full report: Adapting for a Green Economy: Companies, Communities and Climate Change

Author: UN Global Compact, UN Environment Programme, Oxfam & the World Resources Institute

[T]his report…offers actions that companies and policymakers can pursue to catalyze…private sector action on adaptation…[P]rivate sector engagement cannot substitute for…public investment and policies. However, private sector investment can serve as a pivotal part of a comprehensive government-led approach to addressing climate impacts. This report is a resource for companies…that are interested in increasing their strategic focus on adaptation in developing countries where they have operations, supply chains, employees and…customers. While many companies are focused on climate change mitigation…most have yet to develop strategies for dealing with the immediate to long-term consequences of climate change…[refers to Allianz, Swiss Re, Sekem, Munich Re]

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