SEPTEMBER 20248 IN MY OPINIONThe conversation around climate change today emphasises on mitigating our contributions to the global carbon imbalance by adopting effective sustainability strategies, decarbonisation solutions and mandatory environmental disclosures, and rightfully so. The other side of climate change, where extreme weather events and natural hazards pose an increasing threat to businesses and societies, is however often overlooked or only addressed after a disaster has damaged assets or disrupted operations and livelihoods. Science and experience tell us that climate risks will only become more prevalent and more destructive. Therefore, regulators and shareholders increasingly request business owners to focus on adaptation and disclose the risks climate-related hazards have on their business continuity through guidelines by amongst others the Taskforce on Climate-related Financial Disclosures (TCFD). But business owners are often left in the dark on how to get actionable insights into these risks. NEED FOR HOLISTIC CLIMATE RESILIENCE STRATEGIES So, what has kept businesses from doing climate and natural hazard risk assessments at scale? The lack of scalable and affordable technology, the lack of enough accurate data within reach, as well as a focus on traditional disaster risk management rather than strategic resilience, as addressed LEVERAGING TECHNOLOGIES FOR CLIMATE RISK INTELLIGENCE AND RESILIENCE BY DANIEL MARTENS, CLIMATE RISK INTELLIGENCE LEAD, ROYAL HASKONINGDHV Daniel Martens
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