Tackling climate change and its far-reaching effects has become a top priority for governments, policymakers, and organizations in the wake of multiple weather disasters. Many claim that it has never been more important to collaborate across disciplines and to find novel solutions and practical insights to successfully address the numerous issues posed by climate change.
That said, Expert Networks can provide valuable help to organizations and specialists dealing with the problems associated with the changing climate. The reason why these platforms are important is that they are dynamic ecosystems of information and experience that connect companies with subject-matter experts who can provide insights of great value to those dealing with climate-related issues and policies.
How does climate change affect businesses?
The effects of changing weather patterns and climate are already being felt by businesses, leading to higher expenses, a decline in sales, and disruptions to operations. Here are just a few examples:
- Supply chain problems: In Malaysia in 2021, a typhoon shut down local manufacturing. Since Malaysia is a big player in the world’s electronics supply chain and a center for the packaging of semiconductors imported by the U.S., the tropical cyclone led to a scarcity of those components which forced some U.S. automakers to halt production.
- Increased costs: Bushfires in Australia that took place in 2019-2020 destroyed over 46 million acres of land (18.6 million hectares) which led to insurance companies paying US$1.3 billion in claims.
- Transportation problems: Some European countries, including Switzerland, Austria, Germany, France, and the Netherlands, are highly dependent on transportation via the Rhine River. Due to severe droughts, the water level in this river has witnessed a significant drop, making it difficult for various companies to ship products or offer cruise holidays.
Let’s dive deeper into the role of Expert Networks as creators of solutions to tackle climate change.
Leveraging global expertise
Climate change presents a multi-faceted challenge that requires a fusion of insights from a variety of industries, ranging from science and technology to policy development and economics. With this in mind, Expert Networks play the role of connectors between professionals from various related disciplines who can share insights, ideas, and the latest trends in the field. This can help companies to better understand the complexities of renewable energy technologies, as an example, and keep up with the latest climate policies
In the face of the climate crisis, the world must employ innovative responses to deal with the issue. Since Expert Networks can surf through a large database of subject-matter experts, they create cross-disciplinary partnerships between these specialists and the organizations that are in search of creative solutions. This could be particularly helpful for those organizations looking to create new products, provide new services, or design business models that adhere to environmental policy requirements.
Navigating climate policy
Every company should understand the complex regulatory frameworks to be able to develop efficient sustainability policies and initiatives. Expert Networks thus serve as a link between businesses and climate scientists, economists, legal experts, and policymakers to provide all that is required to successfully navigate the ever-changing landscape of environmental policy and climate legislation.
Furthermore, the experts can help decision-makers from the governments of developing and climate-vulnerable countries to create and bring to life climate-compatible development plans.
Staying committed to sustainability
Stakeholders such as investors, clients, and employees can put pressure on businesses to show their dedication to sustainability and, to be able to establish credibility and openness, these companies can get in touch with Expert Networks to connect them to professionals with experience in stakeholder engagement and sustainability reporting.
Mitigating climate-related risks
We can think of the effects of climate change as a dynamic enemy that is constantly changing. Today, companies are already being exposed to a range of issues related to climate change including both the physical risks arising from extreme weather events and the transitional risks (business risks that occur when society and the economy move towards an environmentally friendly future) that are related to the changing policies and dynamics in the market.
By connecting with Expert Networks, they can obtain valuable information from subject-matter experts regarding risk evaluations and the methods for managing these risks.
Final word:
In an age when sustainability has become both a moral imperative and a financial need, Expert Networks like RightAngle Global are crucial partners for businesses striving to handle climate change effectively and can help in their growth towards a sustainable, climate-resilient future. We facilitate access to knowledge which, in turn, stimulates innovation and allows our clients to obtain policy advice.
As the world aims for a more sustainable future, Expert Networks will play an important role in constructing a more resilient and ecologically conscious world. Contact RightAngle Global and we will vet the most suitable subject-matter experts who will answer all your questions.
Suggested reading:
Leveraging Expert Networks for risk management
How can Expert Networks help your company to foster a cybersecurity culture?
How Expert Networks can help companies to keep up with industry trends
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