Climate change adaptation in the boardroom
|Title||Climate change adaptation in the boardroom|
|Year of Publication||2013|
|Authors||Johnston, GS, Burton, DL, Baker-Jones, M|
|Institution||National Climate Change Adaptation Research Facility|
|Keywords||business, communication, corporate, face-to-face interviews, legal, sectors, semi-structured interviews, synthesis and integrative research|
Climate adaptation is recognised by many of the world’s largest businesses as a global risk and one that requires critical attention. The World Economic Forum’s 2013 Global Risks Perception Survey, identified the ‘failure of climate change adaptation and rising greenhouse gas emissions as among those global risks considered to be the most likely to materialize within a decade’ (p.16). Yet despite action by many transnationals and international firms, it seems evident that most Australian companies appear to be struggling to move forward in responding to climate change impacts, apparently paralysed by short-term profit-first thinking, uncertain political risks and a corporate culture unused to volatility and disruption.