WEBVTT 1 00:00:04.000 --> 00:00:05.200 The climate crisis is 2 00:00:05.200 --> 00:00:07.400 a profound global challenge 3 00:00:09.520 --> 00:00:11.280 causing significant disruptions 4 00:00:11.280 --> 00:00:14.040 to economies, livelihoods, 5 00:00:14.840 --> 00:00:17.320 and natural ecosystems. 6 00:00:17.680 --> 00:00:21.720 Adaptation is needed now as impacts are already being felt: 7 00:00:21.720 --> 00:00:23.520 in the developing world, where the nations 8 00:00:23.520 --> 00:00:26.520 least ready to adapt face the largest threats, 9 00:00:26.520 --> 00:00:28.720 but also in developed economies. 10 00:00:29.800 --> 00:00:31.400 While businesses remain largely 11 00:00:31.400 --> 00:00:35.200 unprepared in identifying and managing climate risks and hazards, 12 00:00:35.200 --> 00:00:40.800 countries and cities on the other side often lack robust, actionable adaptation plans, 13 00:00:40.800 --> 00:00:46.400 with data fragmented across multiple sources and stakeholders split across sectors. 14 00:00:47.520 --> 00:00:50.160 Decision makers face pressing questions: 15 00:00:50.800 --> 00:00:53.280 What is my exposure to climate risk? 16 00:00:53.280 --> 00:00:57.480 What will be the impact on social, economic, and natural systems? 17 00:00:57.480 --> 00:00:59.960 What response will increase resilience? 18 00:00:59.960 --> 00:01:04.480 How do I prioritize and optimally deploy resources for adaptation? 19 00:01:04.480 --> 00:01:07.120 And how will these projects be funded? 20 00:01:09.680 --> 00:01:14.600 BCG has developed a powerful, end-to-end approach to support decision makers 21 00:01:14.600 --> 00:01:19.360 around the world in addressing their adaptation and resilience challenges. 22 00:01:21.240 --> 00:01:25.120 Leveraging our ‘Climate Impact AI’ analytics backbone, 23 00:01:25.120 --> 00:01:29.680 we work with governments and companies to assess their exposure to climate risks, 24 00:01:30.240 --> 00:01:33.400 support their climate adaptation and resilience strategies, 25 00:01:34.920 --> 00:01:40.240 develop their solution responses, and mobilize public and private sector funding. 26 00:01:41.440 --> 00:01:44.560 We work broadly across developed and developing markets, 27 00:01:44.560 --> 00:01:47.520 helping strengthen adaptation plans, 28 00:01:47.840 --> 00:01:51.720 developing best in class frameworks and identifying solutions, 29 00:01:51.960 --> 00:01:55.280 from responding to heat and sea-level rise in West Africa, 30 00:01:55.800 --> 00:02:00.240 to drought and extreme events in a developed country in Oceania. 31 00:02:02.120 --> 00:02:04.720 In a highly at-risk country in Southeast Asia, 32 00:02:04.720 --> 00:02:10.000 BCG’s work on sea level rise revealed populations at risk of displacement, 33 00:02:10.000 --> 00:02:14.560 areas that could face critical infrastructure loss in schools and hospitals, 34 00:02:14.560 --> 00:02:18.080 which sectors would be hardest hit on GDP and jobs 35 00:02:18.080 --> 00:02:21.280 and areas of highest potential biodiversity loss. 36 00:02:22.320 --> 00:02:26.760 Our holistic approach assesses the readiness of existing adaptation plans, 37 00:02:26.760 --> 00:02:30.600 identifies the socioeconomic return of different scenarios 38 00:02:30.600 --> 00:02:33.160 across populations and industry sectors, 39 00:02:33.160 --> 00:02:37.240 and is enabling decision-makers to determine costs of inaction, 40 00:02:37.240 --> 00:02:40.440 consider and prioritize multiple solution levers, 41 00:02:40.440 --> 00:02:44.520 and build adaptation plans to protect those most at risk. 42 00:02:44.800 --> 00:02:48.480 BCG enables decision-makers to be targeted and effective 43 00:02:48.480 --> 00:02:50.360 in progressing their race to resilience. 44 00:02:50.680 --> 00:02:54.600 In all these examples, success requires bringing together the public, 45 00:02:54.600 --> 00:02:58.760 private, and social sectors to achieve the goal of adaptation 46 00:02:58.760 --> 00:03:03.400 and ensure we maximize limited resources as we protect people, 47 00:03:03.400 --> 00:03:05.720 economies, and ecosystems. 48 00:03:06.240 --> 00:03:08.400 Meet the challenges of the climate crisis 49 00:03:08.400 --> 00:03:09.520 head on. 50 00:03:09.520 --> 00:03:12.240 The time to act and adapt is now.