James Blake: Consequences Of Climate Change On Business Continuity
James Blake of Next Generation Risk Management cautions against adopting the ostrich strategy of burying your head in the hot sand and hoping someone else will take care of climate change. In a world with almost everything is politicized, James stresses that you have to separate fact from fiction and accept that climate change is real and is impacting all businesses on a global basis. It's getting worse and businesses have to take action and not sit on the sideline. Climate change is and will increasingly impact your businesses' ability to be available to customers, deal with employee availability during an event, and disrupt supply chains. It is imperative that every business use the strategic planning process to focus on resiliency using scenario planning. James points out that you can earn a 4 to 1 return on each dollar invested in creating resilient infrastructure. He provides a 3 step process for creating a strategy to deal with climate related risks.
Show highlights
01:17 How climate change is impacting businesses not just individuals
04:23 You can't wait for society to deal with the impact of climate change with you sitting on the sidelines
06:40 Every business strategy must account for the impact of climate change
09:39 You need to map the impact of climate related events to every aspect of your business
14:30 Investing in resilient infrastructure offers $4 in benefits for every $1 of investment
19:43 3 steps to creating a strategy to deal with climate related risks
23:13 Learn about James. Email James at james.blake@nextgenerationriskmanagement.com
Email Jay at jay.kingley@centricityb2b.com
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