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Industrial ecology, climate adaptation, and financial risk

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  • Timo Busch

Abstract

Climate adaptation has become an important topic for risk management in companies. This article investigates the usefulness of Industrial Ecology tools and concepts in this context. The conclusion is that the established tools and concepts were not designed with the purpose of assisting managers in the climate adaptation and related financial risk context. Nevertheless, the tools and concepts offer plenty of aspects and features that are helpful for the assessment and management of climate risks. The tools primarily provide guidance for the managerial decision‐making process, notably in terms of data handling. The concepts can be used as a starting point for developing new climate risk management frameworks.

Suggested Citation

  • Timo Busch, 2020. "Industrial ecology, climate adaptation, and financial risk," Journal of Industrial Ecology, Yale University, vol. 24(2), pages 285-290, April.
    • Handle: RePEc:bla:inecol:v:24:y:2020:i:2:p:285-290
    DOI: 10.1111/jiec.12938
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    References listed on IDEAS

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    1. Karl Mathiesen, 2018. "Rating climate risks to credit worthiness," Nature Climate Change, Nature, vol. 8(6), pages 454-456, June.
    2. Daniel C. Esty & Michael E. Porter, 1998. "Industrial Ecology and Competitiveness: Strategic Implications for the Firm," Journal of Industrial Ecology, Yale University, vol. 2(1), pages 35-43, January.
    3. Monika Winn & Manfred Kirchgeorg & Andrew Griffiths & Martina K. Linnenluecke & Elmar Günther, 2011. "Impacts from climate change on organizations: a conceptual foundation," Business Strategy and the Environment, Wiley Blackwell, vol. 20(3), pages 157-173, March.
    4. Wackernagel, Mathis & Rees, William E., 1997. "Perceptual and structural barriers to investing in natural capital: Economics from an ecological footprint perspective," Ecological Economics, Elsevier, vol. 20(1), pages 3-24, January.
    5. Iñaki Arto, 2009. "Using Total Material Requirement to Reduce the Global Environmental Burden," Journal of Industrial Ecology, Yale University, vol. 13(5), pages 775-790, October.
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    Cited by:

    1. Marc Ringel & Saranda Mjekic, 2023. "Analyzing the Role of Banks in Providing Green Finance for Retail Customers: The Case of Germany," Sustainability, MDPI, vol. 15(11), pages 1-24, May.

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