Climate Change: A Global Analysis

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Climate Change: A Global Analysis



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What is Climate Change? - Start Here

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In , 6, companies reported through CDP. Below we analyse two groups of companies : 1 all of those disclosing through CDP in ; and 2 a smaller subset of of the world's largest companies by market cap. Governance Strategy Risk management Metrics and targets. You can't manage what you don't measure, and where responsibility for climate change sits within a company can be an indicator of just how seriously a company is taking this issue. At CDP we have seen a positive correlation between board-level oversight and management responsbility for addressing climate risks and opportunities, and a company's commitment to action.

With climate change impacts already hitting companies across the globe, an increasing focus is being placed on both actual and potential climate-related risks and opportunities. Faced with growing scrutiny, companies need to show their stakeholders that they are integrating these potential changes into their business strategies and focusing on the long-term. In , over 6, companies reported to CDP's TCFD-aligned questionnaire, measuring their climate-related risks and opportunities, as well as the associated financial implications. Once a company has identified its risk it is also vital it examines just how it will manage these climate-related impacts on its business.

To meet growing investor and lender demands, a company also needs to disclose the metrics and targets it is using to assess and manage its climate-related risks and opportunities, including calculating its emissions and reporting progress against climate-targets in place. Search User. About us Who we are What we do Collaborations Accredited solutions providers. Countries most negatively impacted — including Malaysia, Thailand, India, the Philippines and Indonesia — were often the ones with the least resources to mitigate and adapt to the effects of global warming. However, such nations also have the most to gain from global efforts to reduce temperature rises, the report added. Many advanced economies in the northern hemisphere were comparatively less vulnerable, being less exposed to adverse weather patterns linked to global warming and also better resourced to cope with the impact of climate change, the report said.

The US, Canada, Switzerland and Germany were among countries deemed least likely to be significantly impacted. The report warned that billions across the world were at a heightened risk of missing out on future economic opportunities and the benefits of a resilient global community. Moving to clean energy is key to combating climate change, yet in the past five years, the energy transition has stagnated. Plus, improvements in the energy intensity of the global economy the amount of energy used per unit of economic activity are slowing. In energy intensity improved by 1. Effective policies, private-sector action and public-private cooperation are needed to create a more inclusive, sustainable, affordable and secure global energy system.

Benchmarking progress is essential to a successful transition. The 10 countries that score the highest in terms of readiness account for only 2. Additionally, the Mission Possible Platform MPP is working to assemble public and private partners to further the industry transition to set heavy industry and mobility sectors on the pathway towards net-zero emissions. Is your organisation interested in working with the World Economic Forum? Find out more here. This is echoed in the Swiss Re Institute report. So we must act now to mitigate the risks and to reach net-zero targets.

This will require cooperation between the public and private sectors to speed up the transition to net zero, it says. Natalie Marchant , Writer, Formative Content. The views expressed in this article are those of the author alone and not the World Economic Forum. Future sea level rise poses challenges like human displacement, infrastructure loss, interference with agriculture and coastal habitat degradation. I accept. Impact of climate change can be capped by reaching net zero. Natalie Marchant Writer, Formative Content. Take action on UpLink. Forum in focus. The one essential element needed to accelerate action on climate change.