Becoming climate resilient offers business new opportunities and a chance to do things better. It means acknowledging that climate change is happening now and businesses need to adapt and innovate to the changing conditions.
Building climate resilience means reviewing the risks and planning well to absorb them and bounce back from the impact. Climate risks can be of a direct physical nature, such as to infrastructure from extreme weather or indirect, such as new regulations and policies government implements that impact business operations. Evolving investor and customer expectations due to climate change are also a risk to business.
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