The New Normal: A Hong Kong Business Primer on Climate Change Adaptation
 

The New Normal

 

A Hong Kong Business Primer on Climate Change Adaptation

 

 

Public discourse on climate change to date has focused mainly on mitigation, or prevention. Less attention has been given to adaptation to climate change. This needs to change.

 

 

Business action on climate change to date has largely centred on mitigation. Most companies have not yet mainstreamed adaptation, or refined operations to account for the impacts of changing climate. This report illustrates what Hong Kong business might expect from climate change, with a focus on six key industries: property, construction, financial services, manufacturing /supply chain, power generation and transport. It uncovers reasons for the current inaction, including lack of
climate impact awareness, confusion between mitigation and adaptation, low risk prioritisation, short-term focus and lack
of forward planning. It then elucidates sector-specific actions that can be taken to increase business resilience.

 

 

To download the report click  here.