Climate change 'a major threat to business', firms tell survey

Source: Computer Weekly

Most organisations believe climate change will be a major threat to business in the next ten years, according to a survey by the organisers of Business Continuity Expo 2008.

The survey of 150 UK and European companies revealed that 87% of businesses surveyed see climate change as the single biggest threat in terms of risk and growth, ahead of terrorism, pandemic flu, flooding, and the credit crunch.

. . .

Martin Caddick , leader of the business continuity management team at insurance and risk advisory firm Marsh, said while most firms had accurately identified climate change and energy risk among the biggest challenges, fewer had been successful in tackling them head on.

"A lack of preparedness continues to be a major issue for European firms in today's turbulent times," he said.

The survey also showed shortcomings and risks of outsourcing and offshoring practices as another top concern.

More than half (65%) those surveyed said they were worried that they had underestimated and poorly understood the associated risks, 61% were concerned about the failure of suppliers, and 46% said they were not prepared for interruptions to services.

Read more: http://www.computerweekly.com/Articles/2008/03/26/230006/climate-change-a-major-threat-to-business-firms-tell.htm

"We republicons do need our record-setting vacation time. Smirk."

- Commander AWOL

especially from the outsourcing of many of our vital needs.

Thanks for the thread, Robbien.

But I guess that message hasn't quite sunk in yet...

climate change. Get ready, people.