Value Chain Climate Resilience: A guide to managing climate impacts in companies and communities
This guide has been developed by companies and organizations engaged in the Partnership for Resilience and Environmental Preparedness (PREP) - a pilot partnership formed to address the risks and opportunities that climate change impacts pose to businesses and the communities on which they depend. The diverse group of companies involved in this report include Starbucks, Swiss Re, Levi Strauss, Calvert Investments, Earth Networks, Entergy and Green Mountain Coffee Roasters who worked with consulting firms including Acclimatise, Oxfam America and BSR.
The report outlines the business case for climate resilience, identifying how corporate value is at risk, as well as how climate change actually presents emerging business opportunities. The benefits of a value chain approach to climate resilience are presented in a concise and visually accessible format. Each company involved with PREP is highlighted with a detailed case study, to demonstrate the processes and successes in this approach. These are examples of companies that are beginning to build climate resilience by assessing the risks and opportunities associated with a changing climate, identifying and implementing measures to build resilience, and engaging communities and government.
This guide introduces the Business ADAPT (analyze, develop, assess, prioritize and tackle) tool. The tool follows a step-by-step climate resilience framework inspired by existing good practice risk management models. It is designed for companies which:
• Have long-lived fixed assets
• Use utility and infrastructure networks
• Secure natural resources
• Create extensive supply/distribution networks
• Require finance and investment
Business ADAPT provides additional questions for three business sectors with significant climate change challenges: Food, Beverage, and Agriculture; Water and Energy Utilities; and General Manufacturing. Business ADAPT aims to help company executives and senior managers gain a better understanding of climate-related risks throughout their value chains, identify where emerging market opportunities exist, take into account community needs, and develop plans that are integrated throughout the enterprise and receive the support of communities and civil society. In addition, the guide is intended to help the financial services and insurance sectors understand how to engage with the companies they invest in or insure to manage risk, maximize returns, and minimize future losses.
Publication Date: July 6, 2012
Authors or Affiliated Users:
- Jean-Christophe Amado
- Peter Adams
- Heather Coleman
- Ryan Schuchard
- Oxfam America
- Partnership for Resilience and Environmental Preparedness (PREP)
- Agriculture and food
- Information technology
- Land use and built environment
- Water resources
- Planning guides