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Canadian Companies' Profits Take a Hard Hit from Climate Change - KPMG Survey A new KPMG survey of 350 Canadian business owners and executives, released on Wednesday, July 17 found 56 per cent had seen profits affected last year by extreme weather events made more likely by climate change, whether it was forest fires, flooding or extreme heat. According to the survey, the vast majority of businesses are concerned that climate change will hit their operations this year while more than half report that it’s already affected profits. Of the 350 businesses surveyed, 92 per cent fear their company will feel the impacts of extreme weather, including 67 per cent being either extremely or very concerned. More 👉 https://lnkd.in/g7PbbS5b

Is your business prepared for the perfect storm of climate change & El Niño? ️ Our article explores the impact on jobs and businesses, and offers solutions for building resilience. Read it here: https://lnkd.in/gyiJsR-W #climatechange #elniño #businesspreparedness

The price paid for underestimating the climate change falls on the most varied sectors. From Bloomberg: "As the planet warms and more natural disasters occur, insurers are facing an increasingly difficult time. In 2023, for the fourth year in a row, global insured catastrophe losses exceeded $100 billion. The trend continues this year: In the first half, losses have reached $62 billion and are tracking well above the 10-year average of $37 billion, according to a recent analysis by Munich Re."

There are 3 critical insights about the immediate impacts of climate change that many overlook... Those who only focus on the long-term might miss them. Curious? Here they are...👇🏻 Immediate impact: Increasing frequency of floods that disrupt communities and economies. Long-term focus: Gradual sea-level rise that threatens coastal areas over decades. Immediate impact: Severe droughts causing acute water shortages. Long-term focus: Slow desertification affecting ecosystems and agriculture over time. Immediate impact: Rapid policy shifts demanding quick adaptation strategies. Long-term focus: Gradual policy developments aimed at long-term sustainability. Hyper-local weather data is crucial for addressing the immediate impacts of climate change, such as floods, droughts, and rapid policy shifts. It enables precise, real-time responses, aids in effective water management, and supports policymakers in crafting localized, informed strategies. This focused approach helps mitigate immediate damages while also preparing for long-term sustainability challenges. So, remember... Climate change is pressing us now, not just in the future. Let's ensure our strategies are robust enough to handle today's challenges as well as tomorrow's. What else do you want to know? Drop it in the comments.

A billion dollar climate impact event hitting US every 2 weeks? That's not the future, but a 2023 reality instead according to the National Centers for Environmental Information. 28 such events in just one year!. The U.S. has sustained 377 weather and climate disasters since 1980 where overall damages/costs reached or exceeded $1 billion (including CPI adjustment to 2024). The total cost of these 377 events exceeds $2.670 trillion. Averaged over 25 years , this makes 8.4 of such events per year. The reality is that over the years this frequency has drastically changed from: • 3.3 events per year in 1980s • 5.7 events per year in 1990s to • 13.1 events per year in the 2010s • 20.4 events per year in the last 5 years (2019-2023) • 𝟮𝟴 𝗲𝘃𝗲𝗻𝘁𝘀 𝗶𝗻 𝟮𝟬𝟮𝟯! The move from 3.3 billion dollar events per year in the 1980s to 28 such events in just the 2023, is a staggering increase of frequency beating even some of the numbers of the doom's day scenarios coming from IPCC (see below). No wonder, the insurers are walking away from insuring against natural disasters in the highly exposed areas. https://lnkd.in/eXeVcEGY

Rethink climate change adaptation: is your business concerned ? Spoiler alert: No business is immune. It's time for every sector to gear up! 🌧️🌪️ Droughts, floods, heatwaves... these climate hazards are becoming more frequent, more intense, and are not anymore a distant threat : it's now an ongoing reality and businesses are facing unprecedented issues. To confront these challenges, firms must not only hasten their efforts to cut greenhouse gas emissions but also adapt. But how does one adapt their organisation to the realities of today's and tomorrow's climate? Where should one begin? To assist you in gaining a clearer understanding, the Climate School has developed a brand-new course: "Adapting Your Organisation to a Disrupted Climate," aimed at guiding you through a rapidly changing climatic world. 🔑 What you will learn in this new module : 1. Identifying the climate risks that are unique to your organisation. 2. Developing effective adaptation strategies. 3. Gaining from the advice and warnings of esteemed experts. Want to discover more ? please visit: https://lnkd.in/e8G3HM-e And a heartfelt thank you goes to the contributors of this course: Arnaud VANON, MBA, MBB, Bertrand PIGEAT, Estelle Rouhaud, Marie Dufour - Huu-An 🌍 PHAM 🌏 - Diane Leroi - Clémence Granveau - Chloé Coupeau - iris cavalli - Suzanne Bourgault - Christelle Castet.

🌐💧In a world where climate change is advancing at an accelerated pace, efficient water management is a crucial challenge. Extreme drought is not a temporary phenomenon, but a clear signal of the urgent need to adapt our infrastructure and processes to ensure a sustainable water supply. António Guterres, Secretary-General of the UN, emphasized during World Day to Combat Desertification and Drought 2024 that "the security, prosperity, and health of billions of people depend on thriving land that sustains lives, livelihoods, and ecosystems."   The future is alarming: a report by the World Resources Institute (WRI) warns that by 2050, nearly one billion people could be living in areas with extremely high water stress, further exacerbating water scarcity driven by climate change. This global challenge demands immediate action across various fields, particularly in the implementation of solutions that ensure the continuity and security of water networks.   At Arpol, we believe that connecting matters, now more than ever. We join the global movement to create a better future by raising awareness of the importance of sustainability and responsible water use. We know that companies play a fundamental role in this fight, and we want to do our part to preserve this invaluable resource.   The climate emergency requires us not only to act but also to inspire others to do the same. Together, we can create a positive impact that transcends our individual actions and contributes to a more resilient and sustainable tomorrow.

The impacts of climate change are felt first and foremost through water.   Rising global temperatures can be felt through worsening floods, rising sea levels, shrinking ice fields, wildfires and droughts. Companies around the world are increasingly recognizing the value of water and the serious financial impact that water scarcity poses to their businesses.   Reuters Plus has partnered with Ecolab, the water management specialist, to explore how industry is waking up to the stresses placed on this crucially important resource. Produced by Reuters Plus for Ecolab.

In the face of Australia’s changing climate, local governments are confronted with unprecedented challenges that impact communities, staff members, operations, supply chains, economies and infrastructure. As temperatures rise, rainfall patterns change, and extreme weather events become more frequent and severe, it is imperative that local governments proactively assess climate risks and strengthen resilience. Read more-->https://lnkd.in/gNXMkxHP

ICF is doing incredible things with data & tech to better show the adverse impacts of climate change on our health. My colleagues just released a critically important report to project future extreme heat exposure in disadvantaged communities. Some brief headlines: - As many as 54 million people in at-risk communities could be threatened by extreme heatwaves by 2050 under a high-emissions scenario, compared to 500,000 people today. - The number of additional people in these communities exposed to health-threatening and energy security-impacting heat waves each year could rise by 25 million by 2050 in even a moderate climate change scenario. Read the report to learn more & what to do about it: https://lnkd.in/eTtVxpv3 And some national press coverage: https://lnkd.in/eGBUMFA3 https://lnkd.in/ev4ffr9f