Following the current emerging trend of climate change and its drastic rise along with the acknowledgement of the insurers that climate-related factors have to be identified and reevaluated, business need to be more prepared and reliable on their sustainability plans. However, behavioral economics research argues that there is an underestimate of the risk exposure thus it is questionable on how the firms and cities are effectively implementing strategies that address the climate change.
As cities especially the large ones have become awesome in size, greenhouse gas emissions are accordingly growing. A voracious appetite for energy is created, consuming 2/3 of the world’s energy resulting in over 70% of global CO2 emissions. Recent facts show that US holds number one place in terms of overall CO2 emissions compared to the rest of the world.
Despite Greenhouse Gas Protocol initiative is no longer a newfound practice for the majority of companies to measure and report their emissions, there is more unexplored room for efficient infrastructure and planning. The global climate debate has triggered a greater concern over the need of adaptation following the latest Hurricane Sandy. It is broadly accepted that extreme weather events cannot be exclusively prevented by the Greenhouse gas emissions mitigation.
Society along with business are both liable to adaptation as physical impacts are translated into real time business problems such as resource availability, safety of personnel, facilities and operation as well as major market changes.
There is an onslaught of challenges that happen in the corporate field during this year which demands from executives to initiate a more realistic approach by understanding the risk exposure on a lasting view. To effectively cope with climate adaptation means immediate benefits a long-term positioning, and more solid relationships with stakeholders as well as re-activeness before others do it.
Have 2018 managers established the mindset to deliver the necessary changes and show leadership on the matter? The Center for Excellence and Sustainability (CSE) is offering to those who are truly determined to be proactive, the Certified Sustainability Practitioner Program in New York City, June 11-12 and address the importance of Sustainability in Supply Chain and Carbon Footprint Reduction. Having completed the program, professionals will be enabled with all the practical tools to implement effective strategies and be prepared for any possible scenario regarding climate change.