by Rebecca Walker — August 31, 2009—Energy firms worldwide over are increasingly aware of the threat posed to their business by global warming, but few are actively preparing for the likely impact of rising temperatures and increasingly extreme weather.
That is the conclusion of a new report from risk management consultancy Acclimatise.
The report assessed more than 200 responses from energy firms to the Carbon Disclosure Project and found that while more than 90 percent of respondents have some form of climate change strategy, just 6 percent have fully integrated adaptation measures into their long-term planning and governance.
The report revealed that awareness of the need to adapt to the likely impacts of climate change is increasingly widespread with about half of firms having measures in place to manage climate risks, but it warned that “adaptation actions are generally isolated and rarely form part of climate risk management strategies.”
For more information, see the Acclimatise Web site.
