Building a Climate Resilient Business: Managing Risks & Exploit Opportunities in a Changing Climate

As governments of over 190 nations will meet in Paris in a few weeks’ time at COP21 to discuss a possible new global agreement on climate change aimed at keeping global warming below the 2°C threshold, the private sector is also publicly united for the first time. AB Volvo, Acciona, AkzoNobel, IKEA, Ericsson, Kellogg, Lafarge, Mars, Nestle, and Unilever, amongst others, recently wrote to world leaders calling for science-based targets to drive down emissions. They want to see a strong deal, as they recognize climate change is no longer just a sustainability issue alone.  

Climate change is affecting business’ bottom line globally. Big business recognises the need to both adapt to become resilient to today’s weather and tomorrow’s climate and plan for opportunities, as well as to reduce carbon emissions through mitigation.

Enhesa, in partnership with Ecofys, hosted a complimentary webinar that highlighted recent regulatory developments and policy challenges worldwide, focused on how climate change impacts are already affecting big business and the associated costs, as well as the opportunities, changing policy frameworks and potential legal liabilities of not taking climate actions.

During this webinar we explored:

  • The regulatory landscape of climate change policy and initiatives worldwide
  • Examples of global changes in weather and climate affecting businesses today
  • Risks of not adapting
  • Physical, legal, financial and transitional risks if a company does not adapt
  • Case law on legal liabilities
  • Market opportunities that can be optimized when companies improve their resilience
  • Science-based GHG targets while learning how to align your GHS reduction targets with a 2°C climate goal
  • Reasons why companies are setting ambitious GHG reduction targets
  • Mitigation measures
  • What internal and external carbon prices are driving mitigation actions of companies
  • Case studies of companies setting science-based GHG reduction targets and their climate actions

Presented By:

Christian Petrangelo, Senior EHS Regulatory Consultant at Enhesa

Christian Petrangelo is a Senior EHS Regulatory Consultant with Enhesa based in Washington, DC.  He specializes in U.S. environmental, health, and safety law and advises multinational  clients on the environmental regulatory compliance obligations of their manufacturing operations and products. He holds a Juris Doctor degree, specializing in environmental law, from Vermont Law School, a Master’s of Science in Environmental Policy and Regulation from the London School of Economics, and a Bachelor’s from Middlebury College. Christian is licensed to practice law in Massachusetts.

Sarah Hendel-Blackford, Senior Consultant at Ecofys

Sarah Hendel-Blackford (MA) is a Senior Consultant at Ecofys specialising in climate change impacts and adaptation for over 12 years. Sarah has worked in policy development at European, national, regional and sub-regional level as well as created adaptation tools and guidance for specific sectors. She is project manager for the European Commission’s initiative on urban resilience and adaptation for all EU Cities, ‘Mayors Adapt’, (2013-2017) leading a consortium which designed and launched the initiative and is now supporting member cities to implement adaptation actions across Europe.

Sarah has worked on legal liabilities of not adapting to climate impacts, advised UNISDR on the revision of the Making Cities Resilient programme’s Ten Essentials for all member cities. She has also worked on climate inputs for adaptation cost curve development and assessed a variety of adaptation measures across sectors in the EU and UK for cost effectiveness. Sarah has undertaken stakeholder consultation for the European Commission on the Adaptation Green Paper, the subsequent Assessment of Impacts for the Adaptation White Paper, and has reviewed the latest adaptation developments since IPCC 4th Assessment report (AR4) for the European Commission and was a World Bank Adaptation Assessor for the Development Marketplace (2009).

Giel Linthorst, Program Leader Science-Based Targets at Ecofys

Giel  is Program Leader Science-based Targets at Ecofys. In this role he leads Ecofys’ activities in setting GHG targets for sectors and companies aligned with climate science and compatible with staying within a global 2°C temperature rise. Together with other Ecofys experts, Giel developed a unique methodology commissioned by CDP, UN Global Compact, WRI and WWF in their Science Based Targets initiative. Based on the draft and final methodology he coordinated various studies for companies from different sectors to demonstrate the application of the developed methodology and to optimise and extend the methodology over time.

Giel  has been employed by Ecofys since 1999. Giel has a technical and physical background combined with strategic business development. Prior to his current role he was manager of the unit Sustainable Products, and was also ad-interim unit manager of the Sustainable Transport unit at Ecofys. As manager of both units, he was involved in setting up ambitious climate and energy policies and corporate strategies together with policy actors and well known NGOs, as well as supporting companies to measure, improve and report their environmental performance. Giel has gained experience in achieving sustainability in various sectors. He ensures that the developed strategies are translated into clear actions that are effective and have impact.