Climate Risk FAQ’s
Can your company verify, trace and share every detail of your supply chain?
Most frequently asked questions about Climate Risk
The Earth’s climate has changed throughout history. Just in the last 650,000 years there have been seven cycles of glacial advance and retreat, with the abrupt end of the last ice age about 11,700 years ago marking the beginning of the modern climate era — and of human civilization. Most of these climate changes are attributed to very small variations in Earth’s orbit that change the amount of solar energy our planet receives.
The current warming trend is of particular significance because most of it is extremely likely (greater than 95 percent probability) to be the result of human activity since the mid-20th century and proceeding at a rate that is unprecedented over decades to millennia (Source: https://climate.nasa.gov/evidence/)
Our web-based platform assesses, manages and monitors Climate Change risks for any asset e.g. building, airport, bridge, road, station, agricultural asset, etc. It provides detailed risk ratings for each site covering key aspects such as precipitation, flooding, temperature, bushfires, etc.
It may not seem like it yet, but climate change is altering the world so drastically that all enterprises will need to undergo a significant transformation or risk becoming modern day dinosaurs.
Firms that listen to their stakeholders and take a stand on values, sustainability, and climate resiliency and adaptation are better fit to serve and retain customers today and in the long run. As Larry Fink, CEO of BlackRock, put in his annual letter to CEOs (titled “A Sense of Purpose”):
“Your company’s strategy must articulate a path to achieve financial performance. To sustain that performance, however, you must also understand the societal impact of your business as well as the ways that broad, structural trends — from slow wage growth to rising automation to climate change — affect your potential for growth.”