Climate Change Risk Indicators and Mitigation Strategies: A Focus on Economic Resilience and Sustainable Operations
Introduction: Climate change is a global phenomenon that presents significant risks to various aspects of human society, including economic activities and environmental sustainability. Organizations must adapt to the changing climate landscape to ensure their long-term viability and contribute to environmental stewardship. This essay explores two crucial risk indicators related to climate change – economic resilience and sustainable operations – and provides a detailed analysis of each, accompanied by a table showcasing data for the best-case scenario and recommended mitigating actions. Economic Resilience: The economic resilience of an organization is a critical factor in assessing its ability to withstand and recover from the impacts of climate change. Unpredictable weather events, such as hurricanes, floods, and droughts, can disrupt supply chains, leading to increased operational costs. Additionally, climate-related risks may include damage to infrastructure, loss of assets, ...