Net Zero & Nature Positive Theatre (Keynote)

Futureproofing Water in a Changing Climate Corporate Innovation & Adaptation

Day 1 : 14:50 – 15:40

Water is the resource most vulnerable to climate change yet it’s the only resource we cannot survive without. Beyond quenching our thirst, we need water to grow food, generate power, mine and manufacture goods from fashion to electronics. It is an invaluable asset but with every degree of warming, threats to water security also increase. By 2050, 31% of global GDP worth US$70 trillion and 60% of the world’s population could be exposed to extremely high water stress for at least one month a year . Seas are also rising faster than we think redrawing coastlines & forcing migration unless we adapt. Given this, it is not surprising that leading corporates are innovating to adapt and thrive. Join us to find out how HK based corporates are driving global change to futureproof water
revolutionising industries with water in mind, carrying out water stress tests, striving for water neutrality plus more.

Learnings

  • Why are companies taking action now to protect water? What exactly was the impetus?
  • What do they view as the biggest short and long term water and climate risks?
  • How are water and climate risks viewed & managed in the companies? Are they board level risks? Are they integrated into risk management?
  • What are these innovations & how do they come up with them? Where can other companies start?
  • What are the benefits of taking this protective action? How do they balance this against the investment ($, time, people +)?

Post-event Actions

  • Leave with an understanding of urgent water and climate risks and why they matter/ are material to companies
  • Be inspired and see that it’s possible for companies to innovate to protect water and that it is being done by Hong Kong companies
  • Leave with an understanding of the range of actions companies can take to protect water from operations to supply chains and setting ambitious corporate targets to future proofing portfolios

Speakers

Debra Tan

Director & Head

Tan heads CWR, a non-profit that aims to “mainstream” water and climate risks into financial decision-making and corporate strategies. Today, CWR’s work on the assessing and valuing risk exposure to rising freshwater scarcity to coastal threats, is highlighted as tools and useful resources under the IFRS’s CDSB Application Guidance for Water-Related Disclosures and feature in Palgrave MacMillan textbooks. Tan is also a contributing author to the latest IPCC 6th Assessment Report: Climate Change 2022: Impacts, Adaptation and Vulnerability.

My Sustainability Goals for 2024:

Adapting to rising water risks in a new climate future

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