The six broad business areas can be applied to any type of business or sector – you may wish to include additional areas for your particular organisation. The table includes a list of common climate impacts.
| Business area |
Common climate impacts |
| Markets |
- Increasing or decreasing demand for some products and services
- New properties required of existing products and services
- Emerging markets for new products and services
- Changing customer behaviour
- Marketing opportunities
- Unable to satisfy increased demand or segments of the market
- Competitors position enhanced or reduced by climate change
- Advantages for early movers in response to changed markets and lifestyles
|
| Process |
- Impacts on climate sensitive processes or equipment
- Impacts on climate sensitive activities
- Exceedence of limits set out in policies, procedures or contracts
|
| Logistics |
- Disruption of supply chain due to transport disruption
- Disruption of supply chain due to impact on suppliers
- Disruption of supply chain due to raw material price or availability
- Disruption to utilities supply
- Changing packaging or distribution process requirements
|
| People |
- Impacts on thermal comfort of employees
- Impacts on thermal comfort of customers, suppliers or others
- Impacts of inclement weather on outdoor staff
- Recruitment related issues
- Business implications of climate driven social trends
|
| Premises |
- Damage or degradation of building fabric
- Impacts on the internal environment
- Impacts on the outdoor environment
|
| Finance |
- Insurance related issues
- Investment related issues
- Potential new liabilities
|
