The ABCs of Addressing Climate Change (From a Business Perspective)

Assessing probabilities and portfolio risk is how property insurance companies look at what might or might not happen to a building in a flood zone. It's how financial managers cover the possibility of unlikely but high impact events. Why would asset owners—never mind groups of citizens—not want to use a probability-based approach to resilience of physical portfolios in the face of sea level and weather fluctuations? For example, Con Ed in New York has INVESTED to elevate the number of waterproof transformers and switchgear in case the city has to face another event like Superstorm Sandy .

Website: http://www.arjonline.org/business-and-management/american-research-journal-of-business-and-management/