If a company has reason to worry about the potential impacts of weather on its operations and supply chains, it probably has cause to worry about climate change.
"Adapting to the weather" is not the same as incorporating climate change adaptation into corporate planning. In the former a company is managing conditions they are already experiencing. The latter involves preparing for forecasted impacts of climate change. Focusing on today’s weather and not tomorrow’s climate leaves a lot of risk on the table, especially if the climate continues to change faster than many climate models have projected.
Adapting to Climate Change tackles two key questions facing decision makers: 1) Is adaptation worth it to me? and 2) If it is worth it, can I really tackle it?
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ABOUT THE AUTHOR
Dr Mark C. Trexler Dr Mark C. Trexler has 25 years of experience advising companies on climate change risks. He joined the World Resources Institute in Washington, DC in 1988, working on the first carbon offset projects. He founded Trexler Climate + Energy Services (TC+ES) in 1991, the first consultancy to specialize in corporate climate risk management. TC+ES chalked up a lot of ‘firsts’, including many more of the early carbon offset projects, the first corporate greenhouse gas (GHG) inventories, the first corporate climate risk management strategies, and the first climate neutral products and services. Mark has worked with companies around the world, including many electric utility and oil and gas companies, and has served as a lead author for the Intergovernmental Panel on Climate Change. Mark was Director of Climate Risk for Det Norske Veritas from 2009 to 2012.
has worked as an environmental attorney since 1985, including as Associate Editor of the Environmental Law Reporter in Washington, DC, as a trial attorney for the US Department of Justice, as General Counsel to Trexler Climate + Energy Services (TC+ES), and as Associate General Counsel to EcoSecurities Group plc. In her General Counsel roles she supported teams of more than 20 climate change consultants, managing all contract negotiations as well as wide-ranging HR and IP issues across offices in multiple countries. Laura was the first Chair of the American Bar Association’s Climate Change Committee, and has served in numerous leadership capacities within the organization, most recently chairing the group’s annual meeting.
Climate Change Adaptation – an Overview
What will we have to adapt to?
Limits to Adaptation?
Setting the Business Stage for Adaptation
The Growing Recognition of Adaptation as a Business Need
A Closer Look at Business Adaptation Challenges and Needs
Barriers to Corporate Climate Change Adaptation
Climate Change Mitigation vs. Climate Change Adaptation
Adapting to the Weather or to Climate Change?
What Does Adapting to Climate Change Require?
The Basics of Forecasting Climate Change
Addressing Forecast Uncertainty in Adaptation Planning
Decision Making Uncertainty in Adaptation Planning
An “Adaptive” Approach to Climate Risk Management
Adapt to the Weather AND to Climate Change
The Practicalities of Climate Change Adaptation Planning
The Importance of Executive Leadership
Title: Adapting to Climate Change: 2.0 Enterprise Risk Management
Author: Mark Trexler and Laura Kosloff
Publication Date: March 2013
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