The time is ripe for companies to look beyond quarterly earnings and depreciation schedules, and into frameworks and strategies that will build long-term resilience.
“The number of natural catastrophes worldwide—and the economic losses resulting from them, most of which aren’t insured—has increased significantly since the 1990s. During the previous 35 years, the average number of billion-dollar weather disasters in the United States was about five per year. In 2016, there were 15 weather and climate disaster events with losses exceeding $1 billion each in the United States alone.”
Given the devastation by fire, hurricanes, floods and mud of 2017 and into 2018, business leaders would do well to pay attention to the risks that climate now poses world wide. Leaders who fail to build climate resilience capability will face investor wrath, higher costs of doing business and repercussions in a political/cultural environment that is moving to a lower carbon future.
The story of how Google connected climate resilience to the bottom line is instructive. Commitment to Principles of Climate Resilience and long term thinking inform strategies addressing customers and how to serve them while aligning business objectives and investment.
Contact us and we can help you align around climate resilience for your bottom line.
Read the full article at: ssir.org