building the business case for adaptation...agenda • presentation • cases and main findings of...

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Building the business case for adaptation Dr. Zsuzsa Banhalmi-Zakar, James Cook University* Dr. David Rissik, NCCARF Dr. Robert Hales, Griffith Centre for Sustainable Enterprise Australian Coastal Councils Conference, Redcliff, Qld May 3 rd , 2017 *Previous affiliationwas GriffithUniversity

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Page 1: Building the business case for adaptation...Agenda • Presentation • Cases and main findings of Building the business case for climate change adaptation – Lessons from coastal

Buildingthebusinesscaseforadaptation

Dr.ZsuzsaBanhalmi-Zakar,JamesCookUniversity*Dr.DavidRissik,NCCARF

Dr.RobertHales,GriffithCentreforSustainableEnterprise

AustralianCoastalCouncilsConference,Redcliff,QldMay3rd,2017

*PreviousaffiliationwasGriffithUniversity

Page 2: Building the business case for adaptation...Agenda • Presentation • Cases and main findings of Building the business case for climate change adaptation – Lessons from coastal

Agenda

• Presentation• CasesandmainfindingsofBuildingthebusinesscaseforclimatechangeadaptation – LessonsfromcoastalAustralia(2016)• PresentationoftheBusinessCaseTemplate• Work/discussioninsmallgroups

• Adaptationprojectorinitiative-Adaptationoverallplan

• ByState?• Bysector?

• Questions,discussion

2@banhalmizakar

Page 3: Building the business case for adaptation...Agenda • Presentation • Cases and main findings of Building the business case for climate change adaptation – Lessons from coastal

Organisation Adaptationaction/strategyMelbourneCityCouncil UrbanTreeStrategytoreduce theimpactofheatwaves,permeable surfaceenablesbetter

managementofstormwater run-offsParramatta CityCouncil ParramattaWays;Bringbackswimming totheParramattaRiver;CoolParramattaallpartofa

commongoal(strategy)

Douglas ShireCouncil Already feelingtheeffectsofclimate changepreparesbyintroducing flood(river)monitoring;waterandtransport infrastructureupgrades; coastalmanagement (beachnourishment)

LendleaseSeekstoensure longevityofassetBarangaroo South withseveralmeasures, ‘greenestglobalresidential, shoppingandbusiness centre intheworld’

SuncorpLaunched ‘Protecting theNorth’insurance product topromote actionby homeowners toreduce riskofcyclonedamagetohomesandproperty

CairnsAquariumNewaquariumconstruction hasaclearoverall long-termbusinessplanthatincludes adaptationtochangingconditions, minimise impactsandprotectnaturalassets

AustralianSuper Assessed partofofinfrastructure investment portfolio forclimate resilience

StocklandSeeks toensurebusinesscontinuityandlongevityofassetsbyretrofittingcommercial properties acrossAustralia foradaptation

SydneyOperaHouseStarting onapathtoadaptationthroughthe‘building renewal scheme’, eventsplanningandretailoperations

Bedarra IslandResort Sustainableapproachtorebuilding asmall-scale luxuryresort

Page 4: Building the business case for adaptation...Agenda • Presentation • Cases and main findings of Building the business case for climate change adaptation – Lessons from coastal

Mainfindings

Climatechangebusinesscasedevelopment isnot justaboutreturnoninvestment

Climatechangeadaptationandmitigationisoftencloselyaligned inbusinesscases

Recognitionofclimatechangeimpactishappeningnow

Financialreturnisnottheprimarydecisionfactor

Evidenceofcollaborativeapproaches- assistwithjustifyingdecisionstoproceed

Identificationanduseofsynergisticeffects

NewAquarium – CairnsBedarra Luxury IslandResort - Qld @banhalmizakar

Page 5: Building the business case for adaptation...Agenda • Presentation • Cases and main findings of Building the business case for climate change adaptation – Lessons from coastal

Motivatedbyriskminimisation

Primaryfactorindevelopingthebusinesscaseforadaptation(andassociatedeconomiccosts)identifiedinthepresentgovernancesystemsoftheorganisationUsuallydevelopedownmethodology(includingassociatedeconomiccosts)presentlyathreatwithingovernancesystems

UrbanTreeStrategy - CityofMelbourne

Protecting theNorth– Suncorpinsurance product (northernQld)

@banhalmizakar

Page 6: Building the business case for adaptation...Agenda • Presentation • Cases and main findings of Building the business case for climate change adaptation – Lessons from coastal

Integrationintobusinessframeworks

Integrationintooverallbusinessdecision-frameworksoftenassociatedwiththepresenceofsustainabilitysystemsandpracticesinanorganisation

Barangaroo South- Lendlease

@banhalmizakar

Page 7: Building the business case for adaptation...Agenda • Presentation • Cases and main findings of Building the business case for climate change adaptation – Lessons from coastal

Sharedvaluepropositions

Developingsharedvalueforadaptationwithstakeholdersandthewidercommunitywasanimportantelementforbothpublicandprivateenterprise

Adaptation throughbuilding resilienceframeworkand retail/events planningSydneyOpera House

@banhalmizakar

Page 8: Building the business case for adaptation...Agenda • Presentation • Cases and main findings of Building the business case for climate change adaptation – Lessons from coastal

Stagedresponsesaspartofbusinesscase

Identificationandconsiderationofadaptationpathways,tailor-madeapproachwherefutureoptionsforactiontorespondtotheclimaterisksareidentifiedandmetthroughmanageablestagestriggeredbyachangeinenvironmentalandsocialconditions

Emergency preparedness,infrastructure upgrade,coastalprotection - Douglas ShireCouncil (Qld)

@banhalmizakar

Page 9: Building the business case for adaptation...Agenda • Presentation • Cases and main findings of Building the business case for climate change adaptation – Lessons from coastal

Externalstakeholderengagement

Useofcollaborativeapproaches,oftenwithexternalexpertsandorganisationstoformulatetoolsthatcanassistwithobtainingorganisationalbuy-inforthebusinesscase(e.g.visualtoolsdevelopedtohelpcommunicateimpactstomakeitmorerelevantandtangiblefordecision-makers

Bringbackswimming toParramatta River initiative(OurLiving River)byParramatta RiverCatchmentGroup (rangeoforganisationsinvolved)

@banhalmizakar

Page 10: Building the business case for adaptation...Agenda • Presentation • Cases and main findings of Building the business case for climate change adaptation – Lessons from coastal

Monitoringandlinkagetoexistingprocess

Plannedmonitoringofadaptationoutcomes willbevitalinsuccessfullyadaptingtofutureconditionsasadjustmentsmaybeneedinthefuture

Assessment ofinfrastructureassetsbyAustralianSuper

@banhalmizakar

Page 11: Building the business case for adaptation...Agenda • Presentation • Cases and main findings of Building the business case for climate change adaptation – Lessons from coastal

Futureplanninginfrastructure

Planningforinfrastructurefortheshort- andlong-termhelpsensurethatadaptationcanbesupportedandimplementednowandinthefuture.Differentscenariosandprojections(mostlycurrent,2030and2070projections)mostwidespread

Commercial propertyresilience scoring andretrofit - Lendlease

Page 12: Building the business case for adaptation...Agenda • Presentation • Cases and main findings of Building the business case for climate change adaptation – Lessons from coastal

Keylessonslearned1.Leadershipwithinandexternaltotheorganisationforprogressingthebusinesscasethroughthedecisionmakingprocess2.Theuseofvisualsandlocalcontextwaseffectiveindemonstratingtheneedforadaptation3.Provideonlyrelevantinformation‘irrelevant’informationoutsidetheorganisationsscopeofoperationshouldnotbeincluded4.Identifykeyclimateandweatherrisksandopportunitiesfortheorganisationanddemonstratingbusinessrelevancetoincreasethejustificationofthebusinesscase

5.Theuseofextremeeventsasacriticalmomenttoproposethebusinesscase6.Ensurelongtermcommitmentforkeypositionsresponsibleforclimatechangeadaptation6.Thestagedimplementationofprojectsalignedtothebusinesscaseappearedtoleadtogreatersuccess7.Linkage ofadaptationmeasureswithmitigation appearedtobeimportant8.Engagementwithotherorganisationalcommitments(e.g.voluntaryenvironmentalorcarboninitiatives)andthestakeholdersinvolvedwiththesecommitments isimportant

12@banhalmizakar