Strategic Focus: Addressing Climate Adaptation In Transition Plans
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Executive Summary
Climate transition plans have historically focused on climate mitigation and achieving net zero. However, these plans should also address physical risk reduction and climate adaptation. Taking a more integrated approach makes a transition plan – and overall business strategy – more resilient to climate risks. With intensifying physical climate impacts, adaptation is growing in importance; the transition planning process creates an opportunity to jumpstart planning around this.
Table of contents
Integrating transition plans and adaptation improves climate strategyPhysical climate risks threaten transition plan success
Businesses can use transition planning to advance adaptation
Table of figures
Figure 1. Benefits and caveats of sample adaptation investmentsOrganisations mentioned
Arcadis, Danone, EDP, EY, Heineken, Indonesia Ministry of Environment and Forestry, UK Transition Plan Taskforce, UN Industrial Development Organization (UNIDO)About the authors
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