The impacts of climate change vary from changing weather patterns to rising sea levels and more extreme weather. The costs are borne by people, communities, companies and countries on every continent. The need for corporate action, not only in mitigating further effects, but in adapting to the changing climate and increasing resilience to extreme weather events, is increasingly a topic of concern in many organizations.
DNV GL works with businesses, taking a systems and risk based approach, to develop Climate Change Adaptation assessments and strategies. We believe the most cost-effective adaptation approaches are built on these four elements:
- Taking a broader view of climate risks – We take a system based approach between a business and the systems in which it operates to provide greater insights into climate risks.
- Estimating risks and characterising uncertainty - We have developed a risk assessment framework supported by a GIS tool to effectively support adaptation investments and provide transparent, actionable basis for decision making.
- Managing vulnerability and resilience - We have developed a methodology called 'Systems and Urban Resilience Framework' (SURF) to assist building resilience to climate-related disruptions.
- Collaboration for a greater impact - By working together, businesses and communities can coordinate their efforts in preparation, response and recovery to extreme events.
The risk and system based approach DNV GL apply to Climate Change Adaptation is central to everything we do. Whether your business is carrying out an initial climate change risk assessment or implementing a full Climate Change Adaptation and Resilience strategy, DNV GL’s specialists can help. Contact us for more information
DNV GL gained valuable insight into the readiness to Climate Change Adaptation and resilience of 1,241 professionals from our Business Assurance customers in our ViewPoint report – Are companies resilient enough to climate change?