Transforming footprints
Leading financial services firms are beginning to prepare their physical infrastructure to combat the effects of climate change, from updating business continuity and disaster recovery plans to reducing their carbon footprints. Victoria Pennington reports
Floods, droughts, food shortages and mass migration are just some of the consequences of climate change. The floods in the UK and the forest fires and hurricanes in the US provided a preview of the effects climate change could have our planet. But financial services firms need to be starting to think about how these physical threats will affect their ability to do business in the future. This article, the third in this series on environmental risk, looks at what the banks need to consider
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