IBM Report: Electric Companies Face Variety of Risks from Climate Change
A report released yesterday reveals that nearly all (91%) of electric companies studied realize that they are at risk from climate change. Yet, there is little evidence that these companies are taking action to manage these risks and become climate change resilient.
The 32-page report, “Building Business Resilience to Inevitable Climate Change,” was sponsored by IBM and prepared by Acclimatise. It’s the second in a series of four reports that offer insights into how companies around the world are assessing and managing both the risks and opportunities brought about by climate change.
The data used in the report is derived from responses to the 2008 Carbon Disclosure Project (CDP) Information Requests. Last year, the Information Request was sent to more than 3,700 global corporations, and this latest report specifically analyzes the responses obtained from 88 of the world’s largest electric utilities.
According to the report, the global electricity sector faces a long list of varied challenges over the next several decades. This list includes:
