The effects of climate change are already being seen across the world. These effects can disrupt the activities of businesses and could end up severely reducing their profits.

CO2Sense is working with the region’s largest businesses to help them to identify how their business plans could be affected by climate change, and to help them to adapt their plans.

How could climate change affect your business plan?

• Security of water and energy supplies: seasonal shortages, and changes in raw water quality will all have cost implications. Disruption to utility supplies will increase the risk of business disruption.
• Commodity prices will become more volatile in response to the impacts of climate change – in particular we can expect to see significant changes in agricultural yields and fisheries driving prices up. Geographical viability in crops will mean new area of supply
• Disruption to supply chains and transportation will become an increasing risk. Those companies reliant upon global supply chains will have greater vulnerability
• Operational costs will increase in response to changes on the efficiency of plant and equipment under higher temperatures, modified humidity and water quality
• Increase risk of flooding, increased risk of staff absence and welfare of staff.

CO2Sense helps the region’s largest organisations to identify their risk and plan appropriate actions to:

• Identify critical business success criteria and their linkage to climatic factors
• Identify how will each issue will impact on their costs and revenues – quantified to present values and expressed both in terms of opportunity and risk
• Spot where in the value chain will this impact
• Check the robustness of current activities
• Map actions to build resilience.