Assessing climate risks across different business sectors and industries

An investigation of methodological challenges at national scale for the UK

Swenja Surminski, Manuella Di Mauro, J. Alastair R. Baglee, Richenda K. Connell, Joel Hakinson, Anna R. Haworth, Bingunath Ingirige, David Proverbs

Research output: Contribution to journalArticle

2 Citations (Scopus)

Abstract

Climate change poses severe risks for businesses, which companies as well as governments need to understand in order to take appropriate steps to manage those. This, however, represents a significant challenge as climate change risk assessment is itself a complex, dynamic and geographically diverse process. A wide range of factors including the nature of production processes and value chains, the location of business sites as well as relationships and interdependencies with customers and suppliers play a role in determining if and how companies are impacted by climate risks. This research explores the methodological challenges for a national-scale assessment of climate risks through the lens of the UK Climate Change Risk Assessment (UKCCRA) process and compares the approaches adopted in the first and second UKCCRA (2011, 2016), while also reflecting on international experiences elsewhere. A review of these issues is presented, drawing on a wide body of contemporary evidence from a range of sources including the research disciplines, grey literature and government policy. The study reveals the methodological challenges and highlights six broad themes, namely scale, evidence base, adaptation responses, scope, interdependencies and public policy. The paper concludes by identifying suitable lessons for future national climate risk assessments, which should guide the next phase of research in preparation for UKCCRA3 and those of national-level risk assessments elsewhere.

This article is part of the theme issue ‘Advances in risk assessment for climate change adaptation policy’.
Original languageEnglish
Number of pages34
JournalPhilosophical Transactions of the Royal Society A: Mathematical, Physical and Engineering Sciences
Volume376
Issue number2121
Early online date30 Apr 2018
DOIs
Publication statusPublished - 13 Jun 2018

Fingerprint

risk assessment
Risk Assessment
Climate
Risk assessment
Climate Change
climate
climate change
Sector
Climate change
sectors
industries
Industry
Interdependencies
Public Policy
Complex Dynamics
Range of data
Lens
Business
Lenses
Preparation

Cite this

Surminski, Swenja ; Di Mauro, Manuella ; Baglee, J. Alastair R. ; Connell, Richenda K. ; Hakinson, Joel ; Haworth, Anna R. ; Ingirige, Bingunath ; Proverbs, David. / Assessing climate risks across different business sectors and industries : An investigation of methodological challenges at national scale for the UK. In: Philosophical Transactions of the Royal Society A: Mathematical, Physical and Engineering Sciences. 2018 ; Vol. 376, No. 2121.
@article{32f1daf2e9c544a2a2d94c165f7c4e7f,
title = "Assessing climate risks across different business sectors and industries: An investigation of methodological challenges at national scale for the UK",
abstract = "Climate change poses severe risks for businesses, which companies as well as governments need to understand in order to take appropriate steps to manage those. This, however, represents a significant challenge as climate change risk assessment is itself a complex, dynamic and geographically diverse process. A wide range of factors including the nature of production processes and value chains, the location of business sites as well as relationships and interdependencies with customers and suppliers play a role in determining if and how companies are impacted by climate risks. This research explores the methodological challenges for a national-scale assessment of climate risks through the lens of the UK Climate Change Risk Assessment (UKCCRA) process and compares the approaches adopted in the first and second UKCCRA (2011, 2016), while also reflecting on international experiences elsewhere. A review of these issues is presented, drawing on a wide body of contemporary evidence from a range of sources including the research disciplines, grey literature and government policy. The study reveals the methodological challenges and highlights six broad themes, namely scale, evidence base, adaptation responses, scope, interdependencies and public policy. The paper concludes by identifying suitable lessons for future national climate risk assessments, which should guide the next phase of research in preparation for UKCCRA3 and those of national-level risk assessments elsewhere.This article is part of the theme issue ‘Advances in risk assessment for climate change adaptation policy’.",
keywords = "private sector adaptation, climate change, climate change risk assessment, business and industry, UKCCRA, Industry, Climate change, Private sector adaptation, Climate change risk assessment, Business",
author = "Swenja Surminski and {Di Mauro}, Manuella and Baglee, {J. Alastair R.} and Connell, {Richenda K.} and Joel Hakinson and Haworth, {Anna R.} and Bingunath Ingirige and David Proverbs",
year = "2018",
month = "6",
day = "13",
doi = "10.1098/rsta.2017.0307",
language = "English",
volume = "376",
journal = "Philosophical Transactions of the Royal Society A: Mathematical, Physical and Engineering Sciences",
issn = "0962-8428",
publisher = "The Royal Society",
number = "2121",

}

Assessing climate risks across different business sectors and industries : An investigation of methodological challenges at national scale for the UK. / Surminski, Swenja; Di Mauro, Manuella; Baglee, J. Alastair R.; Connell, Richenda K.; Hakinson, Joel; Haworth, Anna R.; Ingirige, Bingunath; Proverbs, David.

In: Philosophical Transactions of the Royal Society A: Mathematical, Physical and Engineering Sciences, Vol. 376, No. 2121, 13.06.2018.

Research output: Contribution to journalArticle

TY - JOUR

T1 - Assessing climate risks across different business sectors and industries

T2 - An investigation of methodological challenges at national scale for the UK

AU - Surminski, Swenja

AU - Di Mauro, Manuella

AU - Baglee, J. Alastair R.

AU - Connell, Richenda K.

AU - Hakinson, Joel

AU - Haworth, Anna R.

AU - Ingirige, Bingunath

AU - Proverbs, David

PY - 2018/6/13

Y1 - 2018/6/13

N2 - Climate change poses severe risks for businesses, which companies as well as governments need to understand in order to take appropriate steps to manage those. This, however, represents a significant challenge as climate change risk assessment is itself a complex, dynamic and geographically diverse process. A wide range of factors including the nature of production processes and value chains, the location of business sites as well as relationships and interdependencies with customers and suppliers play a role in determining if and how companies are impacted by climate risks. This research explores the methodological challenges for a national-scale assessment of climate risks through the lens of the UK Climate Change Risk Assessment (UKCCRA) process and compares the approaches adopted in the first and second UKCCRA (2011, 2016), while also reflecting on international experiences elsewhere. A review of these issues is presented, drawing on a wide body of contemporary evidence from a range of sources including the research disciplines, grey literature and government policy. The study reveals the methodological challenges and highlights six broad themes, namely scale, evidence base, adaptation responses, scope, interdependencies and public policy. The paper concludes by identifying suitable lessons for future national climate risk assessments, which should guide the next phase of research in preparation for UKCCRA3 and those of national-level risk assessments elsewhere.This article is part of the theme issue ‘Advances in risk assessment for climate change adaptation policy’.

AB - Climate change poses severe risks for businesses, which companies as well as governments need to understand in order to take appropriate steps to manage those. This, however, represents a significant challenge as climate change risk assessment is itself a complex, dynamic and geographically diverse process. A wide range of factors including the nature of production processes and value chains, the location of business sites as well as relationships and interdependencies with customers and suppliers play a role in determining if and how companies are impacted by climate risks. This research explores the methodological challenges for a national-scale assessment of climate risks through the lens of the UK Climate Change Risk Assessment (UKCCRA) process and compares the approaches adopted in the first and second UKCCRA (2011, 2016), while also reflecting on international experiences elsewhere. A review of these issues is presented, drawing on a wide body of contemporary evidence from a range of sources including the research disciplines, grey literature and government policy. The study reveals the methodological challenges and highlights six broad themes, namely scale, evidence base, adaptation responses, scope, interdependencies and public policy. The paper concludes by identifying suitable lessons for future national climate risk assessments, which should guide the next phase of research in preparation for UKCCRA3 and those of national-level risk assessments elsewhere.This article is part of the theme issue ‘Advances in risk assessment for climate change adaptation policy’.

KW - private sector adaptation

KW - climate change

KW - climate change risk assessment

KW - business and industry

KW - UKCCRA

KW - Industry

KW - Climate change

KW - Private sector adaptation

KW - Climate change risk assessment

KW - Business

UR - http://www.scopus.com/inward/record.url?scp=85046431354&partnerID=8YFLogxK

U2 - 10.1098/rsta.2017.0307

DO - 10.1098/rsta.2017.0307

M3 - Article

VL - 376

JO - Philosophical Transactions of the Royal Society A: Mathematical, Physical and Engineering Sciences

JF - Philosophical Transactions of the Royal Society A: Mathematical, Physical and Engineering Sciences

SN - 0962-8428

IS - 2121

ER -