Even with rapid reductions in greenhouse gas emissions, inertia in the climate system means that rising temperatures, changing rainfall patterns, changes in extreme weather events and sea level rise are unavoidable. These impacts will have consequences for water supplies, infrastructure, agriculture, business operations, social services, healthcare, human lives and many other areas vital to economic and social development.
Adapting to a changing climate is critical issue for policymakers and decision-makers across business and society. Policymakers will need to develop policies and investment priorities that enable climate-resilient growth, whilst businesses will need to adapt as climate change affects their operations, their markets, their supply chains and their investment decisions. Adaptation is about thinking ahead.
Organisations seeking to minimise risks from climate change must consider:
Our services aim to build climate change resilience into our clients’ businesses by providing a comprehensive risk assessment of the current and future climate risks across their value chains and investment portfolios. Key services include:
We advise our public sector clients on how to assess climate impacts and then prioritise and implement appropriate adaptive action, integrated with their wider sustainability and service transformation programmes. The adaptation-relevant component includes:
PwC’s existing international network of climate change and development professionals constitutes over 1000 people in more than 100 countries who support governments, donors and NGOs across the globe on issues from policy development through to implementation. Key issues related to adaptation:
PwC was commissioned by the London Climate Change Partnership to undertake a study into embedding climate change adaptation into public procurement. The project scoped the high-level legal and economic case, identified good practice and made recommendations for improving the use of public procurement to drive climate-resilient construction, infrastructure and refurbishments.