Climate change

We assist our clients to:

  • Conduct scenario analyses to identify their climate risks and opportunities in order to enhance organisational resilience
  • Develop performance targets for emission reduction or risk mitigation programs that are based on contemporary science
  • Report publicly on the performance of their climate related activities
  • Keep abreast of key changes occurring in the science of climate change and the relevant policy and regulatory settings.

A landmark publication was released in October 2018 by the United Nations International Panel on Climate Change (IPCC) that re-examined the progression of global warming and its impacts.

The IPCC had previously released five scientific assessments over its 30 year history. Each focussed on the importance of ensuring that the temperature at the surface of the Earth remained at less than 20C above that which prevailed in pre-industrial times. But the 2018 review established that the +20C threshold was too high, and in fact, a more dangerous climate is now more likely emerge after +1.50C.

The status of the warming planet:   25 March 2019

We have prepared a business briefing for private or public sector organisations that summarises the perspectives of the leading international bodies on the most likely trajectories of global warming and its impacts, initially over the next decade and then out to 2050.

The analysis concludes that there are two key drivers of the changes that will challenge the resilience of organisations exposed to the threats:

  • the direct impact of extreme weather events that will become more frequent and / or intense, and from the significant physico-chemical alterations occurring across the world’s oceans.
  • the indirect impact of the substantial transformation of the world’s economic and financial systems as capital is progressively redeployed to new, low carbon emissions activities from old and inefficient fossil fuel systems and uses.   The change is already well underway, 

The pace of the growth in each is such that all exposed organisations should identify and prioritize the threats to the value chains underpinning their core businesses. They should then prepare strategies for adapting their operations to the emerging climate patterns; reducing their carbon emissions; and disclosing to key stakeholders how they propose to minimise potential losses.