Climate action is a planetary necessity and also a strategic organizational imperative. If progress doesn’t measure up, organizations can face consequences, including investor, employee and community activism -- as well as increased operational and financial risk.
Sustainability professionals are developing and operationalizing resilience and adaptation strategies that are scientifically valid, technically feasible and commercially viable. Yet, too often, these plans don’t sufficiently address potential operational risks. At the same time, enterprise risk management (ERM) teams often work from “back-casted” models that can lack a robust, updated view of rapidly evolving climate risks and the potential impact on the organization and its value chain.