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businesses
As the climate crisis causes heavier and more frequent floods across the US, one in four small businesses are one disaster away from shutting down
We also asked about organisations’ risk response and approaches to planning. Our survey results support a picture of UK organisations that are taking steps to prepare for similar extreme weather, with the top three actions of organisations affected being capacity training or some form of knowledge transfer, investment in new technologies, and making an insurance claim. While just 16% of organisations reported having an adaptation plan, a considerable proportion (37%) said their organisation was planning to develop one.
Experts say scientific advances are making it easier to attribute the damages of climate breakdown to companies’ activities. Businesses could soon be facing a fresh wave of legal action holding them to account for their greenhouse gas emissions, owing to advances in climate science, experts have warned.
