Guardian - British Businesses Failing To Prepare On Climate Front

British business is failing to adapt to climate change, according to a new report. Analysis of more than 165 responses to the FTSE 350 survey undertaken by the Carbon Disclosure Project, finds that more than 90% of companies have a concern about the changing climate.

But while some sectors, such as insurance and some utilities, show an understanding of the likely impacts of climate change, and are taking some steps, most respondents provided little firm evidence that they are developing or considering "adaptation" strategies.

The survey - "The Adaptation tipping point: are UK businesses climate proof?" - produced by climate risk management specialists Acclimatise in association with the UK Climate Impacts Programme, asks how aware firms are of the potential harmful effects of climate change and how prepared they are to respond to its impact on both their day-to-day operations and their strategies. It warns that climate change will mean challenges for the way that the world does business, but innovative companies can seize the new opportunities it offers. The report details why adaptation will become an increasingly important issue for businesses, investors and the financial markets, in addition to the already important mitigation agenda.

It emphasises that the climate is already changing, with a further 40 plus years of unavoidable change whatever the results of actions taken on greenhouse gas emissions.

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http://www.guardian.co.uk/uklatest/story/0,,-6162953,00.html