At an event in London on 15th October, speakers from BusinessGreen and PricewaterhouseCoopers (PwC) reinforced the message that while many businesses have thought about their future climate risks, only a small proportion has implemented any arrangements to manage them. This is hardly surprising given competing strategic priorities, limited time and money, and a lack of understanding of the need to do anything.
So what can organisations do for starters? Speaking at the event, Munish Datta (Head of Property for Plan A, Marks and Spencer) and John Mackenzie (UK Gas Transmission Asset Engineering Manager, National Grid) asserted the fundamental need for organisations to embed climate change adaptation on their corporate risk register, look at future climate threats and opportunities, put in place plans to manage their priority risks and integrate these with their business model or corporate strategies. Continue reading