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Newsletter

May 2024

We present to you a study from MIT indicating that by 2100, some countries will lose half of their nice weather days.

What are nice weather days? They are 24-hour periods with temperatures pleasant enough for most people to enjoy outdoor activities. The impact of losing these days is significant for quality of life, travel, and tourism. Although the inhabitants of these countries will be more affected than visitors, it is important to recognize how this aspect of climate change will greatly impact the economies of countries that rely on tourism.

A promising strategic tool to combat climate change is Carbon Capture Utilization and Storage (CCUS). CCUS ensures CO2 emissions are safely captured and stored, facilitates the transition to low-carbon energy systems, and offers a pathway to achieving net zero emissions and a sustainable future. Our company contributes to this effort with our RiskClima platform for Natural and Transient Climate Change Risk Management. RiskClima aids businesses in decision-making and strategic planning for CCUS.

And since we refer to the RiskClima platform, we develop our rationale and reasons on how this layered approach of RiskClima software covers all levels and needs related to climate change and regulatory requirements for business adaptation. Simultaneously, this holistic approach allows each business to develop appropriate and tailored action plans to address climate change and create a better strategy for future sustainability.

Finally, we reviewed a Net Zero Tracker report that found only 40% of the private companies assessed had net zero targets, compared to 70% of listed companies. Among the private companies with set targets, only eight have published plans on how they will achieve them.

We would like to make an observation regarding this issue. Climate change affects all businesses, both listed and private, and will have a significant impact on their long-term sustainability. Private companies cannot afford to remain outside of this ecosystem, as the required changes will be vital for their survival. In our April Newsletter, we referenced the World Economic Forum - Global Risk Report 2024 as an opportunity for companies to revisit their internal Risk Analysis & Management processes or those reported in their documents. This month, recognizing that the next decade will bring significant changes that will test our adaptive capacity, we provide step-by-step guidelines on how you can utilize the Global Risks Report to reassess your company's risks.

At this point we would like to say that E-On INTEGRATION, always at the side of its clients, has studied and decoded the Global Risks Report, in order to help them in all the steps of identifying, studying and addressing the new risks emerging in the Report.  All the data in the Report (risks and proposed mitigation actions) will be made available in the near future to our Clients in a dedicated section of the E-On RIBIA platform, so that they can use the findings of the Report in an organized and easy way through the software database.

We hope you find our new articles interesting.

The people of e-On Integration are always at your side to provide solutions to today's business challenges.

Posts by category

Business Risk Management

Data Analysis & Artificial Intelligence

Environment & Climate Change

ESG

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