Strategic Focus: Incorporating Extreme Weather Events Into Business Continuity Planning
19 Sep, 2024
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Executive Summary
As climate change progresses, extreme weather is increasing in frequency and severity. Many firms already have plans in place to ensure business continuity during and after extreme events. However, many of these plans were created based on past experiences and may not be sufficient for current and future weather extremes. This report presents evidence demonstrating why organizations should account for climate change in their plans for extreme weather events and outlines some digital technologies that can support these efforts.
Business continuity planning must account for the increasing frequency and severity of extreme weather events
Firms need to upgrade plans for extreme weather
Digital technologies incorporate extreme weather events into business continuity planning
Firms need to upgrade plans for extreme weather
Digital technologies incorporate extreme weather events into business continuity planning
Figure 1. Examples of compound extreme weather events
Figure 2. Timeline of relevancy of extreme-weather-related climate risk digital solutions for business continuity management
Figure 2. Timeline of relevancy of extreme-weather-related climate risk digital solutions for business continuity management
Amtrak, Baron Weather, BBC, Centers for Disease Control and Prevention (CDC), Divirod, Dryad Networks, Duke Energy, EigenRisk, Everbridge, Gulf Oil, IBM, ICEYE, Infinite Blue, LiveEO, NASA, National Integrated Drought Information System (NIDIS), National Weather Service, PBS, Salient Predictions, Shell, Tennessee Valley Authority, The Washington Post, Yale Climate Connections
About the Authors
Emma Cutler
Principal Analyst
Emma is a Principal Analyst at Verdantix, with a current research agenda focusing on solutions for climate risk management. She has a background in simulation and statistical ...
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Katelyn Johnson
Senior Manager
Katelyn is a Senior Manager at Verdantix, specializing in enterprise risk management and external risk and resilience. She helps executives navigate today’s evolving ris...
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