The climate resilience cycle: Using scenario analysis to inform climate‐resilient business strategies

نویسندگان

چکیده

Climate change affects the business environment, and companies need future-oriented information to build climate resilience. To this end, are encouraged conduct scenario analysis, as recommended by Task Force on Climate-Related Financial Disclosures (TCFD). However, companies' actual adoption of practice is limited they lack a straightforward analysis implementation process relevant knowledge. This research develops an clarifying concept resilience into stability domain specifying type focal questions for these two domains. Next, typology guides selection reference scenarios, standard methods guide tailoring scenarios company-specific scenarios. By structuring in five steps input requirements, we provide called cycle. applying cycle transdisciplinary teams experts company staff with knowledge about value chain, bring required become resilient, outcomes be integrated planning overall strategy. We argue that implementing new routine contributes development dynamic capabilities like sensing, seizing transforming, which have been proven essential integrating sustainability strategies. Once begun, show how can part strategy process.

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ژورنال

عنوان ژورنال: Business Strategy and The Environment

سال: 2022

ISSN: ['0964-4733', '1099-0836']

DOI: https://doi.org/10.1002/bse.2982