WIREDGOV

The CBI commented on the publication by DEFRA of its Climate Change Risk Assessment (CCRA), in which it outlines key challenges to the UK and its economy of a changing climate.

Dr Matthew Brown, CBI Head of Energy and Climate Change policy, said:

“The CCRA shows the many ways in which climate change could impact on our economy, and why businesses need to include it as part of their strategic planning, as many UK firms are already doing.

“The CBI has suggested that companies include climate change as part of their on-going risk management, including looking at risks to their supply chain, assets, operations, markets, regulatory compliance and business reputation. We also say that climate exposure should be included in corporate reports.

“DEFRA is right to highlight that, as well as the risks, there are opportunities to be had from adapting to climate change. For instance, the UK has much expertise it can sell in other countries, including advice on water efficiency, insurance and other financial products.”