Agenda 1) The benefits of disclosure for progressing adaptation action by Chris Thorpe, States and Regions Lead, CDP 2) Key findings of the Report by Joan França, Project Manager RegionsAdapt and Sara Kupka, Junior Policy Officer nrg4SD 3) Questions and answers

The benefits of disclosure for progressing adaptation action

Benefiting from disclosure Disclosure importance for adaptation action; Adaptation insights from across our disclosing organizations; and, Why state, regional and provincial governments are so important in adapting to climate change.

CDP Introduction to CDP International not-for-profit that provides the global disclosure system for companies, cities, states & regions and investors. System used by over 100 states & regions, 500 cities and 5,500 companies and engaged with by over 800 investors. Investors & companies Cities, states & regions UNFCC, Bloomberg Research (C40, nrg4SD…) Academics CDP National governments

Importance of disclosure? Internal management process and team engagement; Transparent annual framework for accountability; and, Learning and knowledge exchange system for adaptation. Request for information CDP Action Establish policies and take action Answer formulation and submission Regional Reaction Feedback

2. Adaptation insights – Cities Responses of over 100 cities and companies analyzed. Cities recognize climate change threats to business. Cities and businesses are aligned in their recognition of climate change risks. City adaptation actions contribute to business resilience.

Cities are responding and adapting to certain company percieved risks Cities are responding and adapting to certain company percieved risks. Read full report.

Adaptation insights – Companies Two key factors drive company adaptation: risk and opportunity. Companies adapt to mitigate their exposure to the physical, political and reputational risks linked to climate change. Companies exploit opportunities to reduce costs (both direct and indirect), open new revenue streams, or acquire first mover advantage. Percentage of Global 500 companies that identify the 3 areas of climate change risk 84% 83% 77%

Adaptation insights – Companies Companies adapt to climate change in a variety of ways. The three most popular actions are to: Set targets and goals to reduce their direct exposure and indirect exposure through supply chain to climate change risk; Engage with policy makers to align their operations with state regulation and understand political climate; and, Develop new products that exploit opportunities that result from climate change

Adaptation insights – Companies Companies set goals to reduce their risk exposure, including engaging with policy makers, their suppliers, their customers and the local community.

3. State and regional government importance States and regions are experiencing high levels of climate risks across jurisdictions; States and regions have regulatory and legislative powers but political will is crucial for action; and, 100 regions States and regions participating in RegionsAdapt will raise this thematic area across the globe. 533 cities 5,800 companies

Key findings of the report

Physical risks

Physical risks – Adaptation actions 67% of disclosing governments established an adaptation plan 155 adaptation actions identified

Physical risks – Droughts: More frequent and more intense 13 regions reported more frequent and/ or more intense droughts as a physical risk from climate change; Almost 20 different adaptation actions.

Physical risks – More extreme rainfall events 10 regions reported more extreme rainfall events as a physical risk from climate change; 14 adaptation actions identified.

Physical risks – Warmer conditions: Heat waves, more hot days and hotter summers 12 regions reported warmer conditions as a physical risk from climate change; 33 adaptation actions identified.

19 foresee substantiverisks to water supply Water supply risks Interlinkages between WATER, climate change and sustainable development... Substantive risks to water supply (% of governments reporting each risk) 19 foresee substantiverisks to water supply 23 GOVERNMENTS REPORTED

23 14 OUT OF19 19 foresee substantive risks to water supply GOVERNMENTS REPORTED predict increased water stress or scarcity (73.7%) 14 OUT OF19 #13 serious or extremely serious #11 current, short or medium-term AMONG THESE 14

Water supply risks Adaptation actions to reduce the risk of water supply

Socio-economic risks Regions facing social risks as a result of climate change Climate change as a threat to business Increased risk to already vulnerable population

10 adaptation recommendations Vulnerability assessments Engage your national government Strategic approach to adaptation Integrate climate change and adaptation as a cross-cutting topic Take concrete action Exchange and learn from other regions Foster citizen and community engagement Mobilize finance Build lasting relationships with your regional industries Report data

Download the full report under the following link: http://bit.ly/2kAPX7n More information: www.nrg4sd.org/climate-change/regionsadapt regionsadapt@nrg4sd.org

Questions and answers

Thank you! More information: www.nrg4sd.org/regionsadapt regionsadapt@nrg4sd.org