CBI comment on Spelman speech
- Published on Friday, 17 September 2010 10:50
- Posted by Scott Buckler
The CBI commented on Caroline Spelman’s first speech on the need for adaptation to the risks posed by climate change
Dr Neil Bentley, CBI Director for Business Environment, said;
“We welcome the minister’s commitment to address the serious risks posed to the British economy by a changed climate, but this must translate into real action. This means getting the information on climate risk out into the hands of those that need to make their businesses resilient. Most of this data is already in the public domain, but needs to be made available in an easy-to-use format.”
On Monday, the CBI launched its report Whatever the weather: managing the risks from a changing climate, which called for the Government to make its environmental data more easily available to help businesses prepare for the risks of climate change.
It also called for the creation of a new public information bank showing the risk to critical infrastructure. Together these would help firms to plan for rising temperatures and the risks of extreme weather.
The report’s key recommendations include:
For the Government:
The UK Climate Projections (UKCP) should be packaged as a range of more tailored offerings with clearer ‘best available prediction’ models for non-climate-specialists.
A publicly-accessible information bank detailing the climate risk to critical public infrastructure should be developed, to support businesses in their own climate adaptation planning.
The Government’s forthcoming national Climate Change Risk Assessment must shape a coherent approach to climate adaptation across regulated sectors, the planning process, and in public infrastructure procurement.
A consistent approach should be taken across regulatory authorities to support firms to adapt public infrastructure to long-term climate risk.
Companies should include an evaluation of climate risk in their overall assessment of business risks.
Climate adaptation strategies should focus on actions that fit within broader sustainability strategies and which deliver savings (in resource use and running costs) in their own right.
Climate risk evaluation should cover six key areas – supply chains, assets, operations, markets, regulatory compliance and business reputation.
Climate exposure should be clearly identified and included in corporate reporting.
Non-commercially sensitive climate adaptation information should be shared by companies to avoid an inconsistent approach between different sectors.