The physical impacts of climate change, such as increased flooding, wildfires and melting of polar ice caps, have been well documented. However, many firms are struggling to come to grips with the reality of the situation, and as a result are finding it hard to navigate the extreme complexities climate change is presenting for their businesses.
Climate change has become more than a corporate social responsibility issue. Firms will face a multitude of climate-related risks, due to physical impacts and the resulting changing economies, regulation and customer expectations.
However, these changes also bring a host of opportunities, for example in infrastructure investment or technological advancements, which will be ripe for the taking, if firms can clearly identify them.
Understanding the potential scenarios and risks, as well as how to mitigate and adapt to them is key to developing the right course of action for your business.
At Baringa, we are uniquely positioned to be able to help you with the end-to-end approach to tackling the climate change agenda. We leverage our deep experience across the energy spectrum as well as specialist knowledge in areas like financial services, supply chain and technology to help you see the bigger picture and identify a way forward for your business. From climate scenario modelling and impact assessment through to decarbonisation and the energy transition, we can help.