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Buildingthebusinesscaseforadaptation
Dr.ZsuzsaBanhalmi-Zakar,JamesCookUniversity*Dr.DavidRissik,NCCARF
Dr.RobertHales,GriffithCentreforSustainableEnterprise
AustralianCoastalCouncilsConference,Redcliff,QldMay3rd,2017
*PreviousaffiliationwasGriffithUniversity
Agenda
• Presentation• CasesandmainfindingsofBuildingthebusinesscaseforclimatechangeadaptation – LessonsfromcoastalAustralia(2016)• PresentationoftheBusinessCaseTemplate• Work/discussioninsmallgroups
• Adaptationprojectorinitiative-Adaptationoverallplan
• ByState?• Bysector?
• Questions,discussion
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Organisation Adaptationaction/strategyMelbourneCityCouncil UrbanTreeStrategytoreduce theimpactofheatwaves,permeable surfaceenablesbetter
managementofstormwater run-offsParramatta CityCouncil ParramattaWays;Bringbackswimming totheParramattaRiver;CoolParramattaallpartofa
commongoal(strategy)
Douglas ShireCouncil Already feelingtheeffectsofclimate changepreparesbyintroducing flood(river)monitoring;waterandtransport infrastructureupgrades; coastalmanagement (beachnourishment)
LendleaseSeekstoensure longevityofassetBarangaroo South withseveralmeasures, ‘greenestglobalresidential, shoppingandbusiness centre intheworld’
SuncorpLaunched ‘Protecting theNorth’insurance product topromote actionby homeowners toreduce riskofcyclonedamagetohomesandproperty
CairnsAquariumNewaquariumconstruction hasaclearoverall long-termbusinessplanthatincludes adaptationtochangingconditions, minimise impactsandprotectnaturalassets
AustralianSuper Assessed partofofinfrastructure investment portfolio forclimate resilience
StocklandSeeks toensurebusinesscontinuityandlongevityofassetsbyretrofittingcommercial properties acrossAustralia foradaptation
SydneyOperaHouseStarting onapathtoadaptationthroughthe‘building renewal scheme’, eventsplanningandretailoperations
Bedarra IslandResort Sustainableapproachtorebuilding asmall-scale luxuryresort
Mainfindings
Climatechangebusinesscasedevelopment isnot justaboutreturnoninvestment
Climatechangeadaptationandmitigationisoftencloselyaligned inbusinesscases
Recognitionofclimatechangeimpactishappeningnow
Financialreturnisnottheprimarydecisionfactor
Evidenceofcollaborativeapproaches- assistwithjustifyingdecisionstoproceed
Identificationanduseofsynergisticeffects
NewAquarium – CairnsBedarra Luxury IslandResort - Qld @banhalmizakar
Motivatedbyriskminimisation
Primaryfactorindevelopingthebusinesscaseforadaptation(andassociatedeconomiccosts)identifiedinthepresentgovernancesystemsoftheorganisationUsuallydevelopedownmethodology(includingassociatedeconomiccosts)presentlyathreatwithingovernancesystems
UrbanTreeStrategy - CityofMelbourne
Protecting theNorth– Suncorpinsurance product (northernQld)
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Integrationintobusinessframeworks
Integrationintooverallbusinessdecision-frameworksoftenassociatedwiththepresenceofsustainabilitysystemsandpracticesinanorganisation
Barangaroo South- Lendlease
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Sharedvaluepropositions
Developingsharedvalueforadaptationwithstakeholdersandthewidercommunitywasanimportantelementforbothpublicandprivateenterprise
Adaptation throughbuilding resilienceframeworkand retail/events planningSydneyOpera House
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Stagedresponsesaspartofbusinesscase
Identificationandconsiderationofadaptationpathways,tailor-madeapproachwherefutureoptionsforactiontorespondtotheclimaterisksareidentifiedandmetthroughmanageablestagestriggeredbyachangeinenvironmentalandsocialconditions
Emergency preparedness,infrastructure upgrade,coastalprotection - Douglas ShireCouncil (Qld)
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Externalstakeholderengagement
Useofcollaborativeapproaches,oftenwithexternalexpertsandorganisationstoformulatetoolsthatcanassistwithobtainingorganisationalbuy-inforthebusinesscase(e.g.visualtoolsdevelopedtohelpcommunicateimpactstomakeitmorerelevantandtangiblefordecision-makers
Bringbackswimming toParramatta River initiative(OurLiving River)byParramatta RiverCatchmentGroup (rangeoforganisationsinvolved)
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Monitoringandlinkagetoexistingprocess
Plannedmonitoringofadaptationoutcomes willbevitalinsuccessfullyadaptingtofutureconditionsasadjustmentsmaybeneedinthefuture
Assessment ofinfrastructureassetsbyAustralianSuper
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Futureplanninginfrastructure
Planningforinfrastructurefortheshort- andlong-termhelpsensurethatadaptationcanbesupportedandimplementednowandinthefuture.Differentscenariosandprojections(mostlycurrent,2030and2070projections)mostwidespread
Commercial propertyresilience scoring andretrofit - Lendlease
Keylessonslearned1.Leadershipwithinandexternaltotheorganisationforprogressingthebusinesscasethroughthedecisionmakingprocess2.Theuseofvisualsandlocalcontextwaseffectiveindemonstratingtheneedforadaptation3.Provideonlyrelevantinformation‘irrelevant’informationoutsidetheorganisationsscopeofoperationshouldnotbeincluded4.Identifykeyclimateandweatherrisksandopportunitiesfortheorganisationanddemonstratingbusinessrelevancetoincreasethejustificationofthebusinesscase
5.Theuseofextremeeventsasacriticalmomenttoproposethebusinesscase6.Ensurelongtermcommitmentforkeypositionsresponsibleforclimatechangeadaptation6.Thestagedimplementationofprojectsalignedtothebusinesscaseappearedtoleadtogreatersuccess7.Linkage ofadaptationmeasureswithmitigation appearedtobeimportant8.Engagementwithotherorganisationalcommitments(e.g.voluntaryenvironmentalorcarboninitiatives)andthestakeholdersinvolvedwiththesecommitments isimportant
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