Tool Helps Companies Measure Climate-Change Risk to Supply Chain
Big companies looking to assess climate change-related risks to their supply chains can tap a new tool developed by a private-sector partnership that is integrating data from the University of Notre Dame Global Adaptation Index (ND-GAIN).
The Climate Change Risk Management application, developed by a San Francisco-based climate consultancy and a sustainable management systems company, uses ND-GAIN’s climate indicators and country risk ratings to help businesses map and measure global supply chain risks.
The application’s developers say it’s the first to provide comprehensive mapping and modeling of climate-change risk for every commodity across the supply chain.
“Corporate leaders are seeing more and more risks from climate change impacting their value chains. Embedding the Notre Dame Global Adaptation Index, a free and open source platform, in CCRM will help decision makers better understand their future risks and opportunities, thereby unlocking corporate adaptation solutions that save lives and improve livelihoods while strengthening market positions,” said Joyce Coffee, managing director of the Notre Dame Global Adaptation Index.
ND-GAIN ranks more than 175 countries a year on their vulnerability to droughts and other natural disasters, and on their readiness to adapt to such situations.
The companies, noting that the World Economic Forum has called climate change an economically disruptive force, announced the CCRM at the Climate Leadership Conference in San Diego this week.
