Investing in climate adaptation pays off – at a 15:1 ratio
Water collection and storage, including rainwater harvesting, is by far the most impactful measure companies can take.
Governments may still disagree on the need to integrate adaptation finance goals into the COP28 global stocktake, but for companies the business case is clear, with a 15:1 benefit-to-cost ratio, says a new report.
Investing in measures to protect businesses against increasingly frequent extreme weather events is becoming an imperative, but efforts in this area are still nascent, with only 11% of firms assessing their climate resilience in TCFD disclosures.
