Why is climate resilience important for organizations?

Prepare for the GARP Sustainability and Climate Risk Exam. Study with flashcards and multiple choice questions, each question includes hints and explanations. Gear up for success with our materials!

Climate resilience is crucial for organizations because it equips them with the ability to recover from climate-related disruptions. As climate change increases the frequency and severity of extreme weather events, organizations face more significant risks to their operations, supply chains, and overall business continuity. By focusing on resilience, organizations can develop strategies and implement practices that enable them to withstand, adapt to, and recover from these disruptions effectively.

This preparedness not only minimizes immediate impacts when adverse climate events occur but also safeguards long-term viability and profitability. It supports businesses in maintaining operations and meeting obligations, even amid challenges posed by changing environmental conditions. By enhancing resilience, organizations can mitigate risks and ensure a more stable future, which is essential in today's increasingly unpredictable climate landscape.

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