Climate Change: How forward thinking is your organisation?

Climate Change: How forward thinking is your organisation?

The ramifications of climate change are wide reaching, and it is vital for businesses to plan for the future. One of our national treasures The National Trust recently issued a warning that a number of its sites are facing a high level of threat from issues such as coastal erosion, extreme heat, and flooding. They reported this could rise from 5% to 17% over the next 40 years and it map reveals a worst-case scenario where nothing is done over that time to drive down global carbon emissions. The charity says planning for the worst will help it protect sites effectively. The charity is a commercial enterprise that preserves our history, and all business owners should follow suit.

Interventions have been identified to reduce the hazards – such as restoring peat bogs to prevent flooding and planting trees to provide shade in higher temperature areas, with the charity pledging to plant 20 million trees before 2030.

A report from the BBC highlighted the charity had revealed its worst-case scenario shows:

  • High heat and humidity would hit the south-east of England, with a third of National Trust sites in the region experiencing at least 15 days above 30C (86F) a year.
  • Storm damage, landslides and flooding would become common and more widespread, particularly in the north of England and Wales.
  • Coastal erosion and flooding will increase in Northern Ireland, potentially leading to more landslides around locations such as the Giant’s Causeway.

The National Trust sites are extremely popular and treasured locations steeped in history, and it is welcome news to see the charity addressing the potential threats of climate change and reinforcing the importance of protecting property and land portfolios by understanding climate risk exposure.  Is your business as forward thinking as The National Trust?

The statistics reinforce the message of urgency with the six hottest years on record having all occurred since 2015.  2021 is expected to continue this and the last 14 years have seen the 14 lowest Arctic sea ice levels since satellite records began. CO2 levels in the atmosphere are currently around 415 parts per million (ppm). Changing weather and extreme events continue to threaten our properties and landscapes. We must implement climate-risk assessment strategies to prevent financial losses and sudden adjustments in asset values. At D-Risk we can assess the impact of climate change with a full appraisal of risk for properties, providing  clients with the right tools to forward plan and reduce the uncertainty of climate-related financial and development threats. We assess portfolios against ‘present day’ perils data then stress test using the latest UK Climate Projections for short, medium, and long term planning horizons up to 2080.

Talk to us to find out more.

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