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- Permanent Link:
- http://dpanther.fiu.edu/dpService/dpPurlService/purl/FI13010940/00001
Notes
- Summary:
- This document is written in support of the UN Conference on Sustainable Development (Rio+20). It aims to address the implications of climate change for business, as well as the role of the business community in climate change adaptation (CCA). It promotes integrating private sector CCA with sustainable development initiatives implemented by governments, with a central focus on increasing the resilience of vulnerable communities. While climate change poses considerable risks for business operations, it also offers potential opportunities for those in the private sector committed to CCA and building green economies. In terms of outlining the relationship between business and climate change, the document is divided into three sections: (i) the implications of climate change for business, (ii) measures for practical business action in the context of climate change, and (iii) policy measures to promote effective business investment and engagement. The first section notes that climate change is expected to lead to the following impacts: water shortages and droughts, increased frequency and severity of floods, more unpredictable weather patterns, more frequent and intense storms and weather related disasters, public health problems, losses in agricultural productivity, and rising food insecurity (p.12). A study commissioned by the British government found that the overall cost of inaction on climate change risks is equal to losses of between 5 and 20 percent of GDP each year. The document then highlights the cost-effectiveness of CCA. The following section delves into the specific climate change risks facing companies. These include physical, operational, regulatory, legal, financial, market, political, and reputational risks (p.19-20). Table 1 in the section illustrates the climate risks for different business sectors. The section also discusses several opportunities for private sector investment in CCA. These include developing new products and services as well as building resilience in company operations. The next section presents several insights from companies involved in the ‘Caring for Climate’ initiative. The last section of the document highlights policy measures and governments’ role in leading effective CCA. The study calls on governments to: (1) have a long-term policy commitment to CCA; (2) engage businesses as stakeholders in planning and implementation of CCA; and (3) promote best practices and collaboration in the realm of CCA. ( English,English,English,,,, )
- Subject:
- Climate Change
- Scope and Content:
- Foreword p. 4; Executive Summary p. 5; 1. Climate Change Risk, Sustainable Development
and Implications for Business p. 8; Introduction p. 9; Impacts of Climate Change on Sustainable Development and Economic and Social Stability p. 12; Climate Change Adaptation and the Private Sector p. 17; Climate Change Risks for Companies p. 19; Adaptation Solutions that Promote Sustainable Development and Build Resilience p. 22; Looking Ahead p. 24; 2. Doing Business in Our Changing Climate: Measures for Practical Business Action p. 25; Introduction p. 26; Private Sector Strategies for Adaptation: Experience to Date p. 27; Insights from Caring for Climate Companies p. 30; Measures for Practical Business Action: Enabling Internal Champions p. 33; Conclusion p. 39; 3. Catalyzing Strategic Private Sector Adaptation: Policy Measures to Promote Effective Business Investment and Engagement p. 40; Introduction p. 41; Barriers to Private Sector Engagement in Building Climate Resilience p. 42; Climate Change Adaptation Policy and Business Engagement p. 44; Fostering an Enabling Environment for Private Sector Adaptation: Policy Measures p. 46; Conclusion p. 54; Moving Forward p. 55; Endnotes p. 56; Bibliography p. 63; Key Terms and Concepts p. 68; Caring For Climate Company Examples p. 69
- Citation/Reference:
- (2011). Adapting for a green economy: companies, communities and climate change—a caring for climate report. UN Environment Programme (UNEP), OXAM, World Resources Institute (WRI).
- General Note:
- Cover title.
- General Note:
- "The Global Compact, UNEP, Oxfam, World Resources Institute"--P. [1] of cover.
United Nations publication sales no.: E.11.II.A.6.
Record Information
- Source Institution:
- Florida International University
- Rights Management:
- The material in this publication is copyrighted. The UN Global Compact encourages the dissemination of the content for educational purposes. Content from this publication may be used freely without prior permission, provided that clear attribution is given to UN Global Compact, UN Environment Programme, Oxfam and World Resources Institute and that content is not used for commercial purposes
- Resource Identifier:
- FI13010940
9789211046175 ( isbn )
9789210551489 ( isbn )
9210551486 ( isbn )
755699717 ( oclc )
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