PwC UK’s Post

This year’s World Economic Forum’s Global Risks Report is a very sobering reading: https://lnkd.in/dxQkhcJ9  The need for up-scaled climate-change adaptation efforts and resources is stated in bold.

Our 6th Weekly Roundup is out! The Silk Road and various trade corridors have been high on the agenda for global players. The current geopolitical climate has made trade that much more difficult and alternate routes are needed to ensure minimal disruptions to global supply chains. In this week’s edition, we feature an article on this vital route and bring to you the latest in Politics, economy and finance, energy and ESG. Sign here to get it directly to your mailbox: https://lnkd.in/d3jbAJ8d

Navigating Troubled Waters: Delving into current geopolitical scenarios and deciphering their effects on global supply chains across industries. 🌊🌐   From shifts in shipping routes to higher emissions, the impact is real. How do you foresee addressing these dynamic challenges? Share your insights.⚙️ This analysis is compiled by Glenn Castellino, Analyst at Avalon Global Research #RedSeaCrisis #GlobalTrade #SupplyChain #GeopoliticalInsights #SupplyChainChallenges 

While getting ready for the summer break, I am reflecting on the fruitful dialogue with Member States and other experts in our session on #NDCs 3.0 and the #Trade, #Finance and #Investment Gaps, and the role of International #Cooperation and #AidforTrade that we organized with our excellent partners, #Barbados, the #Philippines, Forum on Trade, Environment & the SDGs (TESS) World Economic Forum, and World Trade Organization. Our speakers, including H.E. Mr. SOK Sopheak, Secretary of State, Ministry of Commerce of #Cambodia, Ambassadors of Thailand, Pimchanok Pitfield and Barbados Matthew Wilson, of the @Gambia Amb.Prof.Muhammadou M.O. Kah, Ph.D, Director General, Ministry of Trade and Commerce of #Vanuatu @Jimmy Rantes, and Kimberley Botwright following opening remarks by PEDRO MANUEL MORENO and Aik Hoe Lim, emphasized the need to build capacities not only to attract investment for the energy transition but, as importantly, to identify which projects and investment strategies are most suited to their contexts. Technical assistance should be bundled with finance to provide support and capabilities where needed. There is no one-size-fits-all solutions. Interventions should reflect national differences and capabilities. Investment in #infrastructure is critical to increasing energy access and efficiency and advancing the deployment of #renewableenergy. Lack of access to renewable energy and energy security hinders green export potential in many developing countries and #LDCs. We need to work through the #valuechain to reduce carbon emissions and ensure sustainability. We need to scale firms’ adaptation and mitigation efforts. We need convene relevant actors to identify ways for countries to cooperate and increase resilience. The silo approach cannot continue. We need to align #SDGs with NDCs, ensuring policy coherence between trade, finance, and investment. We must bring issues such as the reform of the financial architecture, climate finance, and access to technologies, and make them part of the solutions as well. #Climatechange affects us all in different ways. However, we can work together at the multilateral level to advance #policycoherence, #cohesion, #cooperation, knowledge and technology sharing, #coordination, #solidarity and support of #capacitybuilding, #innovation on climate finance issues, and leveraging the potential of aid for #sustainable and #inclusive #trade.

Nature is declining faster than at any point in human history. The Asia Pacific region alone is experiencing alarming levels of nature loss, posing serious challenges to both the environment and the economy. PwC analysis shows that 53% of the region’s industries are highly or moderately dependent on nature. The failure to address nature loss could lead to material financial risk for companies and institutional investors. Learn how to assess, evaluate, and manage your nature risks in our latest report: https://pwc.to/4aXIzYp Asia Investor Group on Climate Change (AIGCC) Ivy Kuo Perpetua G. #PwCAsiaPacific #TNFD #NatureRisk #Biodiversity

At the end of the first true post-pandemic year (2023), key trends have emerged in #GlobalTrade. These trends are particularly impactful for small businesses as they face converging challenges of climate, crises, and conflict. Want to know which trends are impactful for small businesses? Check it out in our #WEDF multimedia report ➡️https://bit.ly/3v1WM7c

The majority of companies in terms of number are with the SMEs which is another relative term .. this is however worth digging deeper ..

The #AIER report considers how deeper regional integration and greener growth can bolster trade and act as a buffer against future shocks. It also looks at ways technology, carbon pricing, and trade policies can help economies tackle both supply chain vulnerability and climate change. Download the full publication here: https://ow.ly/FkBt50QHAGo

#SUERFpolicybrief “COVID-19 and Climate Risks: What are the Consequences for Financial Market Stability?” by Paola D'Orazio, Technische Universität Chemnitz   The paper discusses the impact of the COVID-19 pandemic on the strategic focus of financial institutions regarding climate risks. Before the COVID-19 pandemic, some financial institutions worldwide integrated climate considerations into their operations and promoted sustainable finance through green policies. However, the onset of the pandemic led to a shift in focus towards immediate crisis management, inadvertently reducing the priority of climate risk management and fostering a 'carbon bias' by increasing investments in high-carbon sectors. The paper highlights research that stresses the need for a joint strategy addressing climate change and the pandemic's impact on financial markets. It argues for a coordinated response to these interconnected challenges, emphasizing the importance of aligning crisis management with long-term environmental sustainability for the resilience of the global financial system. 📄 https://lnkd.in/dUBdrmYM   #ClimateRelatedFinancialPolicies #ClimateRisks #FinancialStability #Pandemics #CompoundingRisks  

Extreme weather events occurring all over the world can impact business operations, obstruct global trade routes and impede economic growth. Read the latest blog by Dr Scott Kelly, Senior Vice President of Model Development and Analytics at Risilience, which explains how climate-change-driven disruption to business is happening now and what businesses can do to minimise supply-chain risk: https://lnkd.in/eGqeKhh4 #businesstransformation #climaterisk #physicalrisk #supplychain #climatedisruption