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Weathering the storm: Building resilience against climate disruptions

Year Published

2024

Contributing Organisations

Association of Chartered Certified Accountants (ACCA)

Type of Resource

Research/Insights Report

Languages

English

Relevant Topics

Core Topic
Adaptation & Resilience
Topic 2
Core Climate Capabilities

Target Audience

Financial Services Providers
Real Economy Corporates

Relevant Geography

Global

Resource Summary

This report highlights the urgent need for businesses to prepare for climate-related disasters. The report reveals that only 20% of organisations are adequately prepared for such events, with many lacking up-to-date business continuity plans. It emphasises the critical role of CFOs and finance teams in driving climate resilience through proactive risk assessment and sustainable business strategies. The report includes toolkits for finance teams to build skills in resilience in areas of scenario testing, crisis management planning and business continuity plans. It also lists key actions business and governments should take to build resilience and address climate-related risks. It recommends that comprehensive preparation measures are essential for organisational survival and that finance teams must champion transparency in emissions targets and transition plans to support a climate-resilient future.

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