Climate change adaptation in the boardroom

Submitted by Gareth Johnston | published 22nd Apr 2013 | last updated 29th Apr 2013


Abstract

Climate adaptation is recognised by many of the world’s largest businesses as a global risk and one that requires critical attention. The World Economic Forum’s 2013 Global Risks Perception Survey, identified the ‘failure of climate change adaptation and rising greenhouse gas emissions as among those global risks considered to be the most likely to materialize within a decade’ (p.16). Yet despite action by many transnationals and international firms, it seems evident that most Australian companies appear to be struggling to move forward in responding to climate change impacts, apparently paralysed by short-term profit-first thinking, uncertain political risks and a corporate culture unused to volatility and disruption.

Citation

Johnston, GS, Burton, DL, Baker-Jones, M, 2013 Climate Change Adaptation in the Boardroom National Climate Change Adaptation Research Facility, Gold Coast. pp. 81