Assessing the Impact of Climate Change on Business

Risk and opportunity analysis.

Assessing the Impact of Climate Change on Business
Task

Risk and opportunity analysis

Client

Business Finland, a funding agency for research funding under the Finnish Ministry of Employment and the Economy

Goal

To assess the risk and opportunities for business from climate change

Process and result

The analysis evaluated the possible opportunities and threats of climate change relating to nine different industries from the following three risk perspectives:

  • Physical exposure: asset vulnerability and/or adaptability
  • Regulatory exposure: consequences of increased industry regulation
  • Reputational and brand exposure: changes to consumer behaviour and susceptibility to negative brand exposure
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