Companies Finally Acknowledge the Inevitable: But Are They Acting Quickly Enough?

In a recent article by Joel Makower, the growing recognition of climate change among businesses is discussed. While companies are starting to acknowledge the inevitable consequences of climate change, the question remains: are they acting quickly enough?

Makower highlights the shift in corporate attitudes towards climate adaptation. Initially viewed as a sign of surrender, adaptation is now seen as a rational and necessary strategy. Businesses are realizing that failing to adapt to the changing climate can lead to significant risks to their operations and financial stability.

To mitigate these risks, companies are taking various steps. These include assessing vulnerabilities, developing climate-resilient strategies, investing in sustainable practices, and adapting supply chains. However, Makower emphasizes the urgency of these actions, as the impacts of climate change are becoming increasingly severe.

While progress has been made, the article suggests that more needs to be done. Companies must accelerate their adaptation efforts to ensure their long-term sustainability and resilience in a changing world.

Source: Joel Makower, August 2024 Climate Adaptation is Survival