Wednesday, July 11, 2012

PREP: Value Chain - Climate Change Resilience

Leading companies from the food and beverage, insurance, investment, technology, and energy industries have jointly released a guide to climate change resiliency planning. ‘PREP Value Chain Climate Resilience’ includes a step-by-step tool, Business ADAPT, for businesses to assess and prepare for the risks and opportunities posed by climate change.

The Business ADAPT tool provides five simple steps to help companies understand and act on the climate related risks that they face.

The steps are targeted towards company executives and senior managers, and provide detailed guidance in sectors that are considered highly vulnerable including water and energy utilities and companies in the food, beverage, agriculture and general manufacturing industries.

The five steps are:
  1. Analyze the issues - Have you started thinking about the resilience of your business in the face of climate-related impacts?
  2. Develop an internal strategy - Have you mobilized the right team to address climate resilience?
  3. Assess risks and opportunities - Have you taken steps to assess the areas where opportunities to build climate resilience or invest in emerging market opportunities exist in your business value chain?
  4. Prioritize actions - Have you taken steps to identify and assess measures to build climate resilience in your value chain?
  5. Tackle actions, and evaluate progress - How will you successfully implement actions to build climate resilience in your value chain, and evaluate and monitor the effect of your actions over time?
PREP Value Chain Climate Resilience has been written by The Partnership for Resilience and Environmental Preparedness.

PREP is a one-year pilot partnership formed to address the risks and opportunities that climate change impacts pose to businesses and the communities on which they depend.

Members include Calvert Investments, Earth Networks, Entergy, Green Mountain Coffee Roasters, Inc., Levi Strauss and Co., Starbucks and Swiss Re. BSR and Ceres are also partners. Oxfam America serves as PREP's secretariat.

The firm Acclimatise served as lead authors of the report.

Read PREP Value Chain Climate Resilience.

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