CBI Adaptation Methodology Dave Proctor CBI Wales

 UK’s climate is set to change  Business planning needs to address climate change  Government needs to support businesses to adapt  Key recommendations  Case studies Whatever the weather (2010)

8 Step action plan 1.Appoint someone to assess and manage climate risk 2.Gather historic evidence of weather impacts on your business 3.Assess sources of data and external support available 4.Assess business vulnerability 5.Involve colleagues – raise awareness and gain input 6.Establish a climate resilience plan 7.Implement solutions and ongoing risk assessments 8.Work with others to increase resilience

Assessing business vulnerability 1.Supply chain – routes and sources of raw materials 2.Assets – buildings, machinery, infrastructure 3.Operations – production output, working conditions, insurance 4.Markets – shifts in demand, new product opportunities, distribution networks 5.Compliance – regulatory frameworks (health and safety, climate risk reporting) 6.Reputation – public perception, licence to operate, investor confidence 6 key areas to evaluate: Incremental climate change – e.g. water shortages, temperature changes Increase in severe weather events – e.g. flooding, storms Against 2 risk components

Action planning and barriers to action Dave Proctor CBI Wales

 Assess vulnerability and identify key risks  Develop ideas and projects to improve resilience and address risks  Prioritise ideas and projects Developing the plan

Which projects to choose Risk Project selection Prioritise projects in these areas?

 Assess vulnerability and identify key risks  Develop ideas and projects to improve resilience and address risks  Prioritise ideas and projects  Identify barriers to action and consider how to address  Formalise the plan  Gain business support  Implement  Ongoing review Group exercise on developing plan and barriers Developing the plan