GERICS Report 36
Integrating Climate Change Information into Business Establishments – A New Process Model
Climate change poses major challenges for companies in Germany. Therefore -in addition to ambitious climate protection - they must also increasingly adapt to the unavoidable consequences of climate change. Companies are therefore important drivers in shaping the necessary transformation towards a climate-neutral, climate-adapted and sustainable society. In this context, they are also confronted with increasing demands on non-financial reporting - for example, in terms of using climate change information and scenarios and showing how their corporate activities contribute to the environmental goals of the EU taxonomy.
The aim of the prototypic GERICS Process Model is to enable decision-makers in companies to independently determine their own climate change-related impacts and to evaluate them taking into account both climate change information and local information. Based on this, companies can identify suitable adaptation options in order to avoid or at least mitigate potential damage caused by extreme weather events and other climatic changes.
This GERICS Report 36 shows how the insufficient consideration of the long-term challenges posed by climate change in business activities, new requirements for financial and sustainability-related reporting from regulations at EU level and the integration of climate change information into risk management are linked. The focus is on the presentation of the multi-stage GERICS process model for the integration of future-related climate change information in order to close the identified gap at the transition from problem identification to the derivation of measures.
Gehrke, J.-M., M. Groth and P. Seipold (2024): A Process Model for Integrating Future-Oriented Climate Change Information into Business Establishments. Climate Service Center Germany (GERICS). https://doi.org/10.5281/zenodo.10797785 (3,8 MB)