Climate change is not a distant threat. It's already here
and is arguably the greatest challenge of our time. Companies must
recognize the risks of rising costs for raw materials, disruptions
in supply chains, labour force problems, and changing customer
GLOBE-Net, August 29, 2012 - One of the more
useful reports prepared for the recent Rio+20 event was
a document outlining climate change risks and opportunities for
The report, Adapting for a Green
Economy has become a useful guidance tool for
business leaders and policymakers alike in identifying in practical
terms what has to be done to adapt to the emerging realities of
Companies that rigorously assess climate
change risks and opportunities and implement creative solutions
that build long-term resilience will create business value
while making important contributions to sustainable development and
equitable green growth.
The report is a must read resource for companies with a
national, regional or global reach that are interested in
increasing their strategic focus on adaptation in developing
countries where they have operations, supply
chains, employees and current or potential customers.
While many companies are focused on climate change
mitigation - slowing the rate of climate change through
reduction of greenhouse gas emissions and other strategies -
most have yet to develop strategies for dealing with the
immediate to long-term consequences of climate change.
The environmental, social and economic impacts of climate change
are already being felt around the world, with the poorest nations
and communities disproportionately affected. This report offers
insights on important questions surrounding the role of business in
- In practice, how can businesses address risks in their own
supply chains and operations while also supporting the adaptation
efforts of the communities on which they depend?
- How can the private sector build climate resilience in
partnership with communities in ways that are mutually
- What are the barriers that may prevent effective business
engagement in adaptation?
- How can business investment in adaptation complement necessary
public policies, and how can public policies create the context for
appropriate private sector action?
Developed in collaboration with Oxfam International, the World
Resources Institute and the United Nations Environment Programme
Adapting for a Green Economy is based on the results of a
qualitative survey of business leaders who support the Caring for
Climate initiative, a joint United Nations Global Compact-UNEP
platform involving more than 400 businesses committed to advancing
There is much that businesses of all sizes and sectors can
contribute to effective climate adaptation. This report provides
actionable information that can help create effective strategies
that benefit business and communities, coupled with common-sense
suggestions for supportive government policy.
The full report is available for download
GLOBE-Net readers can learn more about the risks and
opportunities of the green economy from the work recently
undertaken by GLOBE Advisors. Follow this link.