Building business resilience to inevitable climate change. The adaptation challenge.

The mining companies are faced with multiple sustainability challenges. Climate change is one of these challenges. Climate change is expected to influence investments because it may create energy price volatility and security of supply. Furthermore, sea level risk is expected to affect marine transport and port facilities. Extreme temperatures, droughts and floods might have an impact on land based transport systems. In addition, the increased competition for water resources may create tensions with local communities. Most companies focus on extreme events in their risk management. However, not many companies are considering the incremental (chronic) climate change.  Investors start to concern about climate change, and requesting companies to consider climate change in their business maangement. It is recommended that business managers develop an integrated approach to deal with these climate risks.