Insights
Situation
Anthesis is proud to have assisted British International Investment (BII) with its 2023 Emerging Economies Climate Report. The report looks at how the climate crisis affects businesses in emerging economies to raise awareness of the impacts of climate change now and in the future, and the investment needed to support these businesses.
Solution
On behalf of BII, Anthesis surveyed senior representatives from across BII’s portfolio in Africa and Asia to understand how the climate crisis is affecting them and how businesses are positioned to respond to the global net zero transition. To take a deeper dive into understanding what climate risk adaptation and mitigation looks like in these regions, Anthesis also undertook several interviews with survey participants. Anthesis designed the survey in line with key elements of the Task Force on Climate-related Financial Disclosures (TCFD), an international framework to help businesses disclose climate-related risks and opportunities. Anthesis then analysed this research, making comparisons against our research from the previous year, and developed the report.
Key Findings from the Report
- 79% of businesses said climate change is impacting their organisation today, up from 68% in 2022.
- 59% said extreme climate events have impacted their firm. Flooding, drought and extreme heat are the top physical climate risks.
- 97% agreed that organisations that take steps to reduce carbon emissions and vulnerability to physical climate change risks will be more successful in the long term – up from 91% in 2022.
- Encouragingly, firms are building skills and approaches to tackle and respond to climate change. Most respondents (65%) have adapted their business strategy in response to climate change. And more respondents (45%) are calculating their carbon footprint, up from 38% in 2022.
- Yet there’s much more work to be done. Businesses have fundamental concerns about climate change but most are not yet financially planning in response. In many cases, this is because they lack the necessary knowledge and resources.
- There is an opportunity for investors of all types to step up their support.
How Anthesis can help
Anthesis can support organisations with:
- Education – Designing and delivering climate education to equip organisations with new insights and tools to build resilience to climate risks and take advantage of the growth opportunities presented by a net zero carbon future.
- Risk assessments – Undertaking climate risk assessments, utilising scenario analysis, to assess the financial risks and opportunities that climate change poses to each area of your organisation, regardless of size, location, sector and operation.
- Targets – Developing targets and greenhouse reduction pathways to enable organisations to reach net zero.
We are the world’s leading purpose driven, digitally enabled, science-based activator. And always welcome inquiries and partnerships to drive positive change together.