Mitigating and adapting to risks and changing circumstances is a
natural part of doing business. But methods of mitigating and adapting
can be quite different in terms of time, cost and observed impacts.
The impacts of mitigation activities are more immediate while the benefits of
adaptation activities may take many years to take effect. Nowhere is this
difference more apparent than in the case of the corporate response to
climate change.
In the context of climate change, adaptation is the process of changing
behaviour in response to actual or expected climate change impacts. Climate
change adaptation is now emerging as a critical partner to mitigation, and
indeed may even become the primary protection mechanism for future
generations.
In this unique book, Jason West provides a comprehensive assessment of the
management of climate change adaptation in the corporate sector. The book
provides a formal overview of the range of approaches available along with a
series of practical case studies and examples that can be used by companies
and other organisations to identify, assess and manage climate change
adaptation.
A major focus is on the financial and investment implications of climate
change adaptation. West examines how firms can evaluate the investment
decisions associated with long-term climate change adaptation measures,
including how such investments can be valued and funded, the appropriate
accounting treatment of such measures and appropriate risk management
and governance practices in relation to such measures. A major focus is on the financial and investment implications of climate
change adaptation. West examines how firms can evaluate the investment
decisions associated with long-term climate change adaptation measures,
including how such investments can be valued and funded, the appropriate
accounting treatment of such measures and appropriate risk management
and governance practices in relation to such measures. The book also
considers the needs and interests of investors and other stakeholders, and
considers how they can assess the adequacy and appropriateness of
corporate action on climate change.
’The Long Hedge’ will be essential reading and a key text for riskpractitioners,
investors