CBI Adaptation Methodology

Dave ProctorCBI 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 risk2. Gather historic evidence of weather impacts on your

business3. Assess sources of data and external support available4. Assess business vulnerability5. Involve colleagues – raise awareness and gain input6. Establish a climate resilience plan7. Implement solutions and ongoing risk assessments8. Work with others to increase resilience

Assessing business vulnerability

1. Supply chain – routes and sources of raw materials 2. Assets – buildings, machinery, infrastructure3. Operations – production output, working conditions, insurance4. Markets – shifts in demand, new product opportunities, distribution networks5. 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 ProctorCBI 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

Probability

Co

nse

qu

en

ce

Risk

Resource

We

igh

ted

Im

pa

ct

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