Episode
8

Climate Change & Planning for Corporate Risk

August 11, 2021
|
Duration:
1819120
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In This Episode:

Join energy coaches David Arkell and John Pooley on an episode about the severity of climate change and how it will impact your corporation. This episode features the effects of greenhouse gas emissions, the impact this could have to your supply chain, including climate change in your business plans, and more.

Highlights

  • Climate Change Realities and Business Impact: The hosts highlight the current impacts of climate change, including wildfires and floods, and how these events are disrupting supply chains and business operations across various sectors.
  • Importance of Organizational Resilience: Companies are advised to evaluate the resilience of their own operations and those of their suppliers. Planning for potential disruptions, such as power outages, is critical for effective risk mitigation.
  • Role of Younger Generations in Climate Action: Younger employees and consumers are driving demand for corporate climate action. Aligning corporate values with environmental responsibility is key to attracting talent and customers.
  • Challenges of Balancing Risk and Opportunity: While climate change poses significant risks, it also offers opportunities for innovation. Companies that adapt to shifting markets and customer expectations can capitalize on growth linked to sustainable practices.
  • Executive and Board Engagement: Climate risk management requires active involvement from executives and board members. Leaders are encouraged to adopt a long-term perspective on business resilience and sustainability.

    • Key Insights

    • Planning for Long-Term Climate Risks: Businesses are extending their strategic planning horizons to 20-30 years to address and future-proof operations against the impacts of climate change.
    • Supply Chain Vulnerabilities: The episode emphasizes global supply chain vulnerabilities, urging companies to identify and mitigate risks associated with extreme weather events.
    • Rising Importance of Climate-Conscious Talent: Employees increasingly prioritize working for organizations with strong environmental commitments. Aligning with these values helps attract and retain top talent.
    • Opportunity in Climate Solutions: Companies that proactively tackle climate risks can emerge as market leaders by developing innovative solutions that appeal to climate-conscious consumers.
    • Multi-Disciplinary Approaches for Holistic Action: Successfully addressing climate risks requires collaboration across departments, such as purchasing, operations, and strategy, to create a cohesive and comprehensive approach.
    Share this story
    Risk Management
    Sustainability
    Climate Action
    Climate Change
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