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sciencedirect.com
article
https://www.sciencedirect.com/science/article/pii/S0959652624037715
# Review Business adaptation strategies to climate change: A systematic review. We classify adaptation strategies according to depth, time, locus, and tactic. We identify and arrange into levels of analysis five determinants of adaptation. Impacts of adaptation strategies are under-studied, limiting effective adaptation design. We propose a framework to assess the impacts of adaptation strategies. Climate change pressures businesses to adapt, but knowledge on adaptation strategies remains fragmented. First, it expands the conceptualization of business adaptation strategies through a novel classification based on depth, time, locus, and tactic. Second, it identifies five key determinants influencing adaptation decisions: regulatory and stakeholder pressures, industry specificities, business network features, organizational capabilities, and individual characteristics. Finally, the review proposes a comprehensive framework with three tiers: 1) determinants at various levels, 2) types of adaptation strategies, and 3) adaptation impacts. This framework offers novel research avenues for scholarship and enables a more nuanced assessment of the impact of adaptation strategies.
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c2es.org
article
https://www.c2es.org/content/business-strategies-to-address-climate-change/
C2ES has found that, internally, companies are seeking a deeper understanding of the risks and opportunities of a changing climate, and are taking steps to reduce their carbon footprints (the emissions from producing their products) and their handprints (emissions from the sales and use of their products). Externally, they are engaging suppliers, customers, key stakeholders and policymakers, and are publicly reporting emissions and energy-usage data, climate-related risks and management strategies. Nearly 300 companies have set a greenhouse gas emission reduction target “in line with climate science.” More than 100 have set goals to be powered by 100 percent renewable energy. This price signal is factored into investment decisions, providing an incentive for the company to move from emissions-intensive programs and products to low-carbon, climate-resilient alternatives. *Nearly 300 companies have set* *a greenhouse gas emission reduction target in line with climate science. Improved energy efficiency has emerged as a key component of corporate climate change strategies.
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adecesg.com
article
https://www.adecesg.com/resources/blog/how-do-we-integrate-climate-change-int…
# How Do We Integrate Climate Change into Our Current Business Strategy? Climate change awareness is growing and companies of all sizes and industries are starting to consider their own impacts. Every company has their own challenges and opportunities, and integrating climate change into your business strategy can help ensure you are systematizing your process to focus on the impacts that are relevant and mitigation strategies that are meaningful and realistic. To ensure sustained success, it’s very important to secure executive management buy-in to define the goal and scope of your climate change strategy. Climate change strategies often start with companies identifying ways that they can reduce their energy consumption, and therefore decrease greenhouse gas (GHG) emissions. As companies improve and refine their climate strategy, many start to think about more ambitious projects which may have longer payback periods, like switching to renewable energy. Every company has their individual challenges and opportunities in integrating climate change into their business strategy.
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online.hbs.edu
research
https://online.hbs.edu/blog/post/climate-related-risks
1. Create Mitigation Strategies · Burning fossil fuels to generate electricity · Expanding landfills · Transporting people and goods via cars,
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linkedin.com
article
https://www.linkedin.com/pulse/climate-change-mitigation-urgent-actions-busin…
Enhancing Energy Efficiency From upgrading building insulation and HVAC systems to deploying energy-efficient manufacturing technologies,
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mitsloan.mit.edu
research
https://mitsloan.mit.edu/ideas-made-to-matter/business-has-a-role-to-play-mit…
Businesses can play a big role by contracting for local, healthy food, hosting farmer's markets, and reducing food waste, thus helping to build
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pwc.com
article
https://www.pwc.com/gx/en/issues/esg/how-climate-adaptation-can-both-protect-…
For companies, climate adaptation includes making commonsense investments in business continuity and resilience. In this article, we look at the business risks that adaptation can prevent along with the opportunities it can bring, the established capabilities companies can use to support climate adaptation and resilience, and additional steps they can take to create value. Sectors like maritime shipping and ports—which are heavily and frequently affected by rising sea levels and extreme weather events—are engaged in climate adaptation as part of their normal business risk management frameworks. One of the global rating system’s credits requires that organizations assess potential building location vulnerabilities, such as extreme heat and rising sea levels, and plan accordingly for climate adaptation and resilience. An agricultural business, for example, might have to make a choice between putting in place climate-resilient processes (like adaptive farming practices) and acquiring more climate- resilient assets (such as farmland in a location that is less exposed to climate risk).
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weforum.org
article
https://www.weforum.org/stories/2024/12/ways-business-leaders-build-resilienc…
# 10 ways business leaders can build resilience in the face of climate hazards. Business leaders must protect their companies today by taking climate action — a new report details how and where they should start. A new report *Business on the Edge: Building Industry Resilience to Climate Hazards* by the World Economic Forum in partnership with Accenture, provides a comprehensive assessment of risks and resilience strategies for boards, investors, C-Suite executives and operations managers. The report quantifies the risks to company fixed assets across 20 global industries from seven climate hazards: extreme heat, wildfires, drought, water stress, tropical cyclones, coastal flooding and fluvial flooding. Total estimated fixed asset losses for listed companies under high and low emissions scenarios, by climate hazard (USD billion per year, 2035-2055) Image: Business on the Edge: Building Industry Resilience to Climate Hazards. Business leaders must act swiftly and collaboratively to decarbonize operations, safeguard nature, build resilient value chains and adapt to climate risks.