Climate change has a potential to widely affect our business activities. Business operations could be directly hit hard by natural disasters such as flood or poor harvest due to extreme weather events. Climate change overseas would disturb international supply chains or production sites, resulting in indirect impacts on the national economy.
There are ways how business can respond to climate risks. "Climate risk management" is an approach to take action to mitigate risks from a changing climate. "Business for adaptation" is an approach in which business communities consider climate change as an economic opportunity to enhance the market by developing and providing new products or services that could support people's adaptation actions to climate change. "Climate risk management" involves disaster risk prevention and mitigation at overseas production sites or in the international supply chains. "Business for adaptation" could include disaster detection system, countermeasure products for heat, water conservation and rainwater utilization technology.