After graduating from the University of Nottingham with a degree in Finance, Accounting and Management, I took two gap years where I carried out voluntary work (Citizen’s Advice Bureau), an internship...
Hemal Dave, Finance Analyst
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Home > Services > Strategy > Climate Change Strategy
Climate change is arguably the biggest strategic challenge all businesses need to respond to. We explore the nature of the impact it will have on businesses - and provide you with a toolkit which we have developed to help you meet this challenge, which can be downloaded below.
Climate change is perhaps the greatest challenge the human race has ever had to tackle. As the World Economic Forum (WEF) recently said: “of all risks, it is in relation to the environment that the world is most clearly sleepwalking into catastrophe.”
Without prompt and decisive action, the human and ecological impact could be catastrophic and irreversible – and will affect us all. This is not somebody else’s problem.
Furthermore, it will have a significant impact on business. Here are just a few of the ways:
To illustrate the scale of the challenge and its urgency, a report by the Carbon Disclosure Project in June 2019, found that 215 of biggest global companies reported almost US$1 trillion are at risk from climate impacts, with many of these risks likely to hit within the next 5 years.
However, for businesses that lead the way in transitioning to the low carbon economy, there could be significant opportunities to achieve commercial and competitive advantage.
The Berkeley Partnership has worked with Chapter Zero to develop a toolkit aimed at helping ensure that businesses have the right strategic plans in place to identify and successfully address the challenges they face.
There is a huge amount of content published in this area. The purpose of this toolkit is to make the subject significantly more accessible, by providing the evidence required to get climate change on senior management’s agenda – and to show how, through a few clear steps, businesses can begin to tackle it.
The toolkit has been targeted at helping Non-Executive Directors engage their boards on the subject – but it could be equally well used by anyone looking to define strategic plans in this area.
The toolkit includes the Climate Action Self-Assessment (CASA), which enables boards to assess their ‘current’ level of preparedness in a number of key areas – and, based on the implications of this, specify their intended ‘Target’ state. (Note: CASA includes a Facilitator’s edition, which enables the results of multiple surveys to be automatically aggregated).
Click here to download the Toolkit and CASA
If you would like assistance with using the toolkit or support in facilitating your board-level discussion or shaping and mobilising your climate change initiatives, please feel free to contact me.
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