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Most global organisations now have value and supply chains that stretch over multiple continents and territories. But according to PwC’s 2021 CEO survey, just 40% of CEOs across the globe say they have factored climate change into their risk management strategies. This suggests that many companies are ill-prepared to adapt their operations for the impending impact of climate change.
You can begin adapting by first understanding where your value is at risk. Physical risk models that are grounded in climate science help predict the location and frequency of various hazards. Map these predictions to key locations along your value chain—offices, warehouses, manufacturing facilities—and you’ll see weaknesses and chokepoints to be addressed. In doing so, you’re likely to uncover new routes to greater resiliency, sustainability and value.
Partner, Global Sustainability Leader, PwC United Kingdom
Tel: +44 (0)7710 157908