INTHEBLACK April 2025 - Magazine - Page 37
While significant
tipping points
are unlikely in
the next 10 years,
temperatures are
expected to be
higher for longer.
What are the potential climate
risks facing Hong Kong, Singapore,
Sydney and Melbourne in the next
decade, and what can businesses
do to prepare?
Words Susan Muldowney
90 per cent of
climate risks and
exposures are within
the supply chain and
outside of business
operations.
Organisations that
have invested in
climate mitigation
ahead of the curve
are reaping financial
benefits today.
WHEN THE WORLD METEOROLOGICAL ORGANIZATION
confirmed 2024 to be the hottest year on record, United Nations (UN)
Secretary-General António Guterres responded by describing global
warming as a “cold hard fact”. As Guterres put it, blazing temperatures
in 2024 require “trail-blazing climate action in 2025”.
The effects of climate change at the aggregate level are widely
discussed — from rising sea levels to the increasing severity of extreme
weather events. As governments around the world consider various
forms of climate action, their citizens want to know what will happen
where they live.
If the impact of climate change accelerates over the next decade,
how will it impact business, and where we live and work? Here’s what
the climate experts say about the potential impact in four specific
locations: Hong Kong, Singapore, Sydney and Melbourne.
intheblack.cpaaustralia.com.au 37
