Colleagues Dan Kaniewski of Marsh & McLennan Advantage and Melissa Leuck of Torrent Technologies discuss the nature of the dual threats of too much and too little water – and how businesses and communities can act to reduce their burden.
“If 2020 has shown us anything, it’s that we live in a world with risks around every corner. Calm seas can become a storm system, droughts lead to wildfire, a virus surfaces in a single city and becomes a pandemic that kills thousands and changes the course of the global economy. Analyzing these risks is critical to planning for them every year since 2006, the World Economic Forum and Marsh & McLennan and recently with the support of Zurich Insurance, has issued a global risks report. They survey global businesses and public sector leaders and ask them about the risks the world faces and analyze those findings. It’s a snapshot of the biggest global challenges and concerns and how we might address them. When the report was released at the beginning of this year, the top five global risks in terms of likelihood were all related to the environment.
Although the world is rightly focused on COVID-19 right now, the last 12 months have put environmental risks on full display. Communities and ecosystems have been devastated by wildfires in Australia and Western North America, hurricanes in the Caribbean, heat waves in Europe. Businesses are approaching these threats with new ardor. They are identifying strategies to address the ever-growing risks of a changing climate and dreaming up new solutions to adapt to this new world.”
Listen to more of this insightful conversation on how businesses can build resiliency.