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Better traction needed

Resiliency means better traction for the rough roads ahead

Written by: Alexa Stone

Earth’s atmosphere is warming faster than ever before. The atmospheric co2 concentration today exceeds 370 ppm; 28% higher than a half century ago.[1] As a heavier greenhouse gas blanket traps heat, the storms, fires, floods, extreme temperatures that once were 100-year events have become today’s news.

Hazards that are more frequent and more severe bring greater risk to individuals, communities, and workplaces. For organizations and communities, the potential impact is multiplied by their scope and resource numbers. Climate change diminishes global GDP by 1 to 5 percent each year.[2] Extreme weather events cause 0.4 percent of that.[3] Climate-driven migration has similar impact.[4] More significantly, fire, flood, and draught-related disruptions in energy and supply chains shrink GDP by 1.0 to 2.5 percent.[5]

While actions taken by one individual, organization, and community will not reverse climate change, the impact can be reduced. Without preparation, hazards can lead to disaster. With preparation, risk management readiness brings wide-ranging benefits of resilience:

  • Improved response to adversity
  • Stronger ability to withstand shocks
  • Minimal interruption to progress
  • Quicker constructive change

As businesses and Non-Government Organizations (NGO) decarbonize their facilities and implement sustainable best practices, they limit climate their Greenhouse Gas (GhG) impact. Resilience, and its tangible benefits, requires further steps forward:

  • Beginning at a holistic, wide-angle perspective
  • Anticipating how climate change and a transitioning economy will add weight to each link in the value chain
  • Choosing strategies for best performance in a warming climate and low carbon economy
  • Targeting the organization’s place in a low carbon world.

With this analysis, companies will be better positioned to get ahead of the risks and opportunities brought by a profound global climate change.

ecoPreserve partners with businesses, NGO, and communities to map and document the best route to resiliency. Our sustainability and climate resilience services address increasing climate risks through adaptation planning, policy development, disaster response, and mitigation.

SOURCES:

[1] Statista.com
[2] McKinsey.com
[3] World Economic Forum, 2022
[4] International Organization for Migration, UN Migration 2020
[5] Kiel Institute for the World Economy, 2022

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