60 Decibels’ Post

Adaptation And Resilience Impact: A Measurement Framework For Investors This report presents a comprehensive guide for investors to assess the impact of their investments on adaptation and resilience in the face of climate change. Structure and Overview: It provides a conceptual model for assessing adaptation and resilience impact, highlighting the need for alignment with other approaches to measurement in this field. Five Dimensions of Impact: The framework outlines five key dimensions for assessing impact - What, Who, How much, Contribution, and Risk. These dimensions help investors evaluate the effectiveness and outcomes of their investments in adaptation and resilience. Adaptation and Resilience Metrics: A set of metrics is proposed covering various aspects such as people, planet, and economy, providing a holistic view of the impact. Aggregating Impact Metrics: It discusses the challenges and considerations involved in aggregating adaptation and resilience impact metrics. While aggregation may be facilitated by people-based, planet-based, and value-based metrics, caution is advised to ensure meaningful aggregation. Limitations of Aggregability: It acknowledges limitations to the aggregability of adaptation and resilience outcomes, particularly in terms of depth and specificity across the three aspects of impact - people, planet, and economy. Future Outlook: It encourages investors to look forward and consider the evolving landscape of adaptation and resilience, emphasizing the need for continuous assessment and improvement in impact measurement practices.  Adaptation and Resilience Impact framework offers a structured approach for investors to evaluate the effectiveness of their investments in promoting adaptation and resilience in the face of climate change. This would help them make informed decisions to support sustainable and resilient outcomes.

I've enjoyed taking on innovative roles, and this one is no different -- in this case, helping companies protect their people, property and operations from extreme weather, both today and in the not-too-distant future. This brochure explains more about how we can help companies avoid costly losses through #ClimateAction and #Sustainability.

The Global Risk Report 2024 has identified key agenda priorities to secure sustainable growth in the future. These priorities include - the inclusion of youth to establish trust in a joint future, - securing critical infrastructure to enable sustainable digital growth, and - enabling new economic inclusive models to support future innovation for all. https://lnkd.in/eT6FYFWb #GlobalRiskReport2024 #sustainability #inclusivefuture #WEF2024

World Economic Forum has published The Global Risks Report 2024 https://lnkd.in/dfA_-mM9 which includes five main risk categories: ▶ #Economic incl. inflation, economic downturn, labour shortages ▶ #Environmental incl. extreme weather events, pollution, biodiversity loss ▶ #Geopolitical incl. armed conflicts, intrastate violence ▶ #Societal incl. societal polarization, unemployment, erosion of human rights ▶ #Technological incl. adverse outcomes of AI technology, misinformation and disinformation, cyber security All these five categories include a lot of drivers which have also impact of population health and wellbeing and through that sustainability, resilience and productivity of societies as well as preparedness.

The World Economic Forum has published its Global Risks Report 2024. It concludes that in a 10-year context, climate-related risks contribute 5 of the top 10 threats as the world nears or crosses “climate tipping points”. The priority solution? Faster emissions reduction and credible steps by all actors in our economic system. With a goal to accelerate the speed and scale of a clean transition. Looking to streamline your organisation’s decarbonisation journey? Reach out. We can help whatever stage you’re at 🙌🚀 https://lnkd.in/eAPt7P_J #WEF #climaterisks #netzero

The World is On Red Alert and in Crisis. Talking to UN Dr. Richard Munang, Africa’s environment hero, multiple award winner, and sustainability champion, provokes radical new thinking and innovative, bold action. What are we dealing with? Sometimes, it feels as though we are living in a perpetual crisis. How do we deal with this crisis? How do we innovate, adapt, and transform? There are 2 distinct phases. 1. The Emergency Phase. We stabilize the crisis and buy more time. We often seek and ask our authority figures for a quick technical fix and, after a raging fire or a rising flood, to come in with the teams and clean up, fix up, and hopefully restore most of what was there before. 2. The Adaptive Phase. We need to tackle the underlying causes of the crisis and build new skills and capacity beyond the existing technical skills to survive and thrive in a new reality. People will put you under enormous pressure to maintain the status quo and address their anxieties with authoritative confidence. They often ask or require that you know more than you do. Despite the risk, we must resist the temptation to fake or allegedly fix it and be bold enough to lead. Some critical questions: * What is the nature of the challenge? * Technical, adaptive, or both? Regarding global warming, some technical challenges ought to develop cost-effective alternatives to burning fossil fuels. The adaptive challenge requires that we rewire and reset the system, challenge and change the rules of the game, what we do, what we say, how we think, and how we lead. 6 Practical Steps Richard has applied all 6 steps in innovative projects across the African continent. 1) Experiment. Richard created an Incubation hub. 2) Foster adaptation and balance competing demands. Excel at old practices, such as subsistence farming, while practicing new best practices, like new clean energy solutions. 3) Embrace disequilibrium. It is good to feel uncomfortable. Stability is a liability, not an asset. Without a crisis, there is no urgency and if no urgency, no change. 4) Despite this disequilibrium, manage and moderate the heat. Create discomfort, but we need to produce a productive zone of disequilibrium. If the temperature is too low, there will not be difficult conversations. People often panic and freeze if the temperature is too high. 5) Generate a level of leadership beneath the top. No top team alone can come up with the best innovative solutions. The youth of Africa are experimenting. 6) Take great care of yourself, your outlook, sanctity, and professional and personal identities. When the going gets tough, that solid inner sense of personal identity often pulls us through. You, too, can lead boldly and innovate, adapt, and transform. #climate

The World Economic Forum published its Annual Global Risks Report last week. The introductory description of the report on their website is quite telling. ✔️"The Global Risks Report explores some of the most severe risks we may face over the next decade, against a backdrop of rapid technological change, economic uncertainty, a warming planet and conflict." ✔️"As cooperation comes under pressure, weakened economies and societies may only require the smallest shock to edge past the tipping point of resilience." And companies can't thrive (or perhaps even survive) in societies that are failing. Still think #ESG is a non-financial item? #esg #sustainability #lawandlegislation

#WEF2024 Day 4 How are companies responding to the growing threat of #climate risk and the pressures to minimize climate change's consequences? Our latest study, conducted in partnership with the German Engineering Federation, looks at how companies are adapting to climate change by investing in #GreenTransformation, adaptable product offerings, and the triad of climate protection, risk-avoidance, and mitigation. Read more #WEF2024 #ESG #climatestrategy #KPMGValueCreation #KPMGElevate

At a recent roundtable, there were discussions about several really important keywords. Resilience was one, and i've taken a go at being clear on the different layers: Resilience in the context of climate change and energy transition can be understood in several nuanced ways: Adaptation resilience refers to the ability of businesses and communities to anticipate and prepare for the effects of climate change and adjust their operations and infrastructures to withstand and recover from climate impacts. Organisations can maintain continuity and thrive amidst environmental changes by incorporating climate risks into strategic planning. Transformative Resilience: Beyond mere adaptation, this variation involves fundamentally rethinking and transforming systems to reduce vulnerabilities and enhance sustainability. It calls for innovative energy generation, distribution, and consumption approaches that mitigate harm and create opportunities for growth in a low-carbon economy. Transformative resilience encourages a proactive stance in shaping a more sustainable future. Systemic Resilience: This definition highlights the importance of creating resilient systems through diversification and decentralisation. Businesses can ensure more stable and reliable energy supplies by reducing dependency on fossil fuels and investing in a mix of renewable energy sources. Systemic resilience fosters alliances across sectors and geographies to build networks supporting sustainable practices and collective action against climate challenges. These variations emphasise different aspects of resilience but converge on the core idea of strengthening the ability to cope with, recover from, and thrive amid the changing climate and energy landscapes. As corporate leaders, understanding and implementing these forms of resilience can drive effective climate action and facilitate the energy transition. #TheEssentialExpert #GetinTouch

According to Professor Graeme Roy, there are three macro-trends that Highland businesses need to navigate going forwards: climate change, population change and disruptive technology. They can't be avoided, but they can be planned for - demonstrating the importance of strategic planning and "ruthless prioritisation" for #SMEs #strategyandtransformation #businessresilience #strategicplanning #businessagility