Anthesis is proud to assist British International Investment (BII) to release its 2022 Emerging Economies Climate Report. Published ahead of COP 27, the report looks at how the climate crisis is affecting businesses in emerging economies to raise awareness of the impacts of climate change now, and in the future, and the investment that is needed to support businesses in emerging economies.
Anthesis carried out and analysed the research for the report on behalf of the BII. This involved surveying senior representatives from across BII’s portfolio of businesses and funds in Africa and Asia to understand how the climate crisis is affecting them and how businesses are positioned to respond to the global transition to net zero carbon. To take a deeper dive in understanding what climate adaptation and mitigation looks like in these regions, Anthesis also undertook several interviews with participants. Anthesis designed the survey in line with the pillars of the Task Force on Climate-related Financial Disclosures (TCFD), which provides an international framework to help businesses disclose climate-related risks and opportunities.
The report also highlighted three takeaways for investors:
- Respondents are looking for capital expenditures to build adaptive capacity and minimise physical climate impacts.
- There is a demand for financial assistance with a transition to low-carbon energy sources, as this also improves energy security.
- Businesses want education and training on the likely impacts of climate change and how they can be mitigated.
Key findings from the report
- 68 per cent of respondents said climate change is affecting their business today.
- Over half of respondents have experienced an extreme weather event (58 per cent) – up from 48 per cent from last year.
- More than half (56 per cent) thought climate change will affect the viability of their business in the next five years, while 72 per cent were concerned that climate change will impact plans to grow their business or investment portfolio over the next ten years.
- 91 per cent agreed to some extent that organisations that take steps to reduce their carbon emissions and reduce vulnerability to physical climate change risks will be more successful in the long-term – up from 82 per cent last year.
- 92 per cent agreed that better and more targeted investment is needed to reduce emissions and vulnerability.
- Respondents were largely optimistic that COP27 will have a material impact on how countries address climate change.
How Anthesis can help organisations to respond
Anthesis can support organisations by:
- Providing research and reporting key findings to inform climate action.
- Undertaking climate risk assessments, utilising scenario analysis, to assess the risks and opportunities that climate change poses to each area of your organisation and define those that will have the greatest impact.
- Designing and delivering climate education to equip organisations with new insights and tools to build resilience and take advantage of the growth opportunities presented by a net zero carbon future.
- Developing climate strategies, targets and greenhouse reduction pathways to enable organisations to reach net zero.
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