Climate adaptation is a business necessity and should no longer require debate or justification<\/strong><\/p>\n\n\n\n Panellists stressed that organisations are already experiencing climate impacts, such as productivity loss and vulnerability of assets, and should move beyond debating whether adaptation is necessary. The focus should be on planning and scaling solutions to protect assets, operations and long-term business viability rather than convincing leadership that climate risks are a threat to the business.<\/p>\n\n\n\n Bridging the gap between climate risk assessment and investment requires adaptation to be expressed in financial terms<\/strong><\/p>\n\n\n\n While many organisations are conducting climate risk assessments, translating findings into action remains challenging. Securing investment requires a clear business case that quantifies financial value of adaptation through metrics such as avoided losses, energy savings, carbon pricing, and asset value protection. Timing this process with financial windows is also vital to ensure that solutions are actionable with appropriate investment. Adaptation initiatives are more likely to secure investment when benefits are articulated in financial terms and aligned with existing capital planning cycles.<\/p>","protected":false},"author":2221,"featured_media":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"kh_category":[21,12],"class_list":["post-42153","knowledge-hub","type-knowledge-hub","status-publish","hentry","kh_category-esg","kh_category-knowledge-hub"],"acf":[],"yoast_head":"\n