The effects of climate change – already seen through temperature shifts, extreme weather events and rising sea levels – are certain to have wide-ranging impacts for all kinds of businesses. Many of the countries in which we operate are particularly vulnerable to climate change, in part because of their geographical location and characteristics, but also because under-investment has resulted in ageing infrastructure and facilities.
We are increasing our support to projects focused on adaptation and resilience to climate change by building on our successful sustainable energy business model that incorporates policy dialogue, TC and project investment. We help clients to identify climate change impacts that will affect their operations, develop and implement strategies to facilitate adaptation, and invest in measures and technologies that improve their resilience.
Adaptation and resilience are also about recognising new opportunities. Our initial investments in these areas demonstrate that early-moving clients can reduce costs, maximise profitability and increase competitiveness.