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Tuesday, April 3, 2012

Evidence for Adaptation Among UK Companies

A new report from the UK's Carbon Disclosure Project (CDP) commissioned by the Department for Environment,Food and Rural Affairs (Defra) takes a look at the preparedness of UK businesses with respect to climate change. to assist in gathering evidence of the resilience of UK businesses in response to climate change. The CDP used data submitted by members of the FTSE 100 (89 companies in total) in response to the Investor CDP 2011 information request and CDP Water Disclosure 2011 information request to gather insights into business attitudes and action on adaptation. Although the assessment identified a high degree of diversity among different businesses with respect to consideration for climate change risks and opportunities, overall, less than half of responding FTSE 100 companies were found to be incorporating climate adaptation into their business strategies. In addition, engagement with policy-makers on adaptation is quite limited compared to the more robust public/private collaboration associated with UK climate mitigation policy.

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