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This report seeks to examine the potential business opportunities, and risks, involved in adapting to anticipated changes in the global climate, such as changing rainfall patterns, rising numbers of …
This report seeks to examine the potential business opportunities, and risks, involved in adapting to anticipated changes in the global climate, such as changing rainfall patterns, rising numbers of extreme weather events and so on. In particular, it examines four key sectors: financial services; infrastructure and construction; professional services and consulting; and agriculture and life sciences. It does not consider business opportunities relating to efforts to stop change occurring in the climate (that is, efforts to mitigate the severity of climate change by reducing greenhouse gas emissions), but rather examines new emerging markets for goods and services as businesses seek to adapt to the realities of an uncertain climate.
To quantify this, the Economist Intelligence Unit conducted a survey of 705 companies globally, representing a range of business sectors, during January and February 2011. The survey attempts to afford even representation to the following regions: Middle East and Africa; Western Europe; Asia Pacific; North America; and Latin America. In line with the specific sectoral focus outlined above, nearly half (46 per cent) of the survey sample was focused on these key sectors; the balance covered a range of other industries. All company sizes were represented: 41 per cent of firms polled had annual revenue of less than US$500 million, while 44 per cent had revenue of at least US$1 billion. All respondents held management positions, with just over half (53 per cent) representing the C-suite or board.