Why now is the time to embrace adaptation (and how you can get started)

The World Economic Forum's 2024 Global Risks Report identified extreme weather events as “the top risk most likely to present a material crisis on a global scale in 2024.” It’s no wonder then that banks, insurers, asset managers and asset owners are looking to adaptation measures to reduce their financial risk. If you haven’t already begun to keenly eye adaptation pathways for your own assets or those you invest in, here’s some compelling reasons why you may want to start, and how XDI can help you on your way.

1. Adaptation is now essential to reduce financial losses and ensure business continuity. With global emissions still on the rise and significant effects from climate change already locked in, an increase in damage to infrastructure from extreme weather events is inevitable.  
   
   
2. Investing in adaptation offers a competitive advantage. As operational disruptions become more frequent due to climate events, companies that proactively invest in climate resilience will have more reliable, productive assets that are less prone to disruption and damage.
   
   
3. Governments are legislating for it.  An increasing number of governments are announcing their commitment to ensure regulatory arrangements and policy settings support private incentives to facilitate climate change adaptation. Watch this space. 
   
   
4. The market is demanding it. There is growing consumer and investor demand for businesses to demonstrate their operations are climate ready. 

So what next?

Although the case for investing in adaptation is compelling, embarking on your pathway to resilience can seem daunting - but XDI can make it easy. 

Using new technology launched this year, we can help you instantly identify assets at risk of damage or failure from extreme weather, whether it be a portfolio of thousands or a single piece of infrastructure.

We then work with you to conduct a cost-benefit-analysis of various adaptation pathways to improve the resilience of these assets, specifically by conceptually modifying the build. 

Update the roof structure?  Raise floor heights? Manage higher temperatures?  Change construction materials? Consider different hazards? Different climate scenarios? You can explore all this and more. 

The best part of all is that we understand that to take action you need to communicate effectively with your stakeholders. That’s why we developed  AdaptXDI – an online visualisation platform that will enable you to instantly demonstrate the cost-benefit of multiple adaptation measures in a way that engages and facilitates understanding and decision making. 

Have someone from XDI show you how easy it can be. Contact us today.

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