An increasing number of the world’s largest companies are recognizing their vulnerability to climate change and are acting to improve the climate resilience of their firms and value chains. In addition, companies are beginning to see business opportunities related to the need for greater climate resilience.
A recent publication of the Partnership for Resilience and Environmental Preparedness (PREP), “Value Chain Climate Resilience: A Guide to Managing Climate Impacts in Companies and Communities,” outlines a “value chain approach” to building climate resilience in firms and local communities. The PREP group is comprised of large global companies with extended value chains or with a compelling business interest in value chains, such as the reinsurance industry. Many of the firms in their value chains are small companies. The report was prepared by Acclimatise, Oxfam America, and BSR, on behalf of PREP members.