Corporate Climate Change Series. What gets measured gets managed – taking the initiative on climate adaptation, P5
- Shidonna Raven
- Jul 7
- 1 min read
January 13, 2024
Source: World Economic Forum
Photo / Image Source: Unsplash,
Unlocking finance for climate adaptation
Consistent use of a BCR metric can drive transparency and comparability for adaptation projects, justifying their financial viability. It will also spark the necessary expertise and local engagement to kickstart them.
Swiss Re’s initial studies into flood and heat-related adaptation show that BCRs are practical metrics, but they also revealed a lack of data and consensus. For example, a standardized period for the financial benefits that would come from climate adaptation interventions is key.
That is why measurement and multi-stakeholder collaboration are not only key to unlocking financing for climate adaptation action, but also for data and examples of effective adaptation initiatives.
Climate adaptation creates stability. It supports economic development. It helps in building a more sustainable world, while supporting new businesses and job opportunities. Getting serious about it now will pay dividends for years to come — but to do so effectively, a way of measuring and understanding which interventions give the best bang for their buck is essential.
Does your company have a climate change plan? Is it complaint with current climate laws? Why? Why not?
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