Building disaster resilience across Canadian business supply chains: A co-produced innovation tool for understanding, planning and investing in climate change adaptation
In the last decade, it has become clear that the impacts of climate change are starting to severely affect the natural environment, economy, and communities across the globe. The changing global climate presents significant risks, including extreme temperatures, floods, wildfires, and hurricanes. For Canadian businesses and their international partners, supply systems that can withstand or adapt to these changes will be essential for building resilient societies.
The Building Disaster Resilience Across Canadian Business Supply Chains project, led by the Climate Institute in partnership with the United Nations Office for Disaster Risk Reduction for the Americas and the Caribbean (UNDRR), Trade Facilitation Office Canada (TFO Canada), and the Private Sector Alliance for Disaster Resilient Societies (ARISE Canada), aims to develop and test tools that help Canadian businesses invest in climate adaptation. The focus is on strengthening supply systems—not only at the company level, but also at critical points throughout the broader supply chain.
It is crucial to plan for and invest in disaster preparedness across the entire supply chain, both within Canada and abroad. This approach takes a systems perspective to understand how different parts of supply chains are interconnected and how risks are shared. This method will help develop mechanisms for cross-sector and multi-actor partnerships, strategies, and cooperation, enabling better planning for the future.
The insights gained from this project will guide swift and effective adaptation actions and improve investment strategies to address a range of potential disasters. Ultimately, the aim to create policy recommendations that will help supply chains proactively respond to rapidly evolving climate risks.
The private sector is essential to transformative processes necessary to build a future with environmental integrity, social inclusivity, and resilience. The activities of the private sector are structured and driven by their business model, which is at its core a set of assumptions about how a business creates, extracts, and delivers value. As the planet's climate is changing, so is the way we understand business and conceptualize systems with increased exposure and vulnerability to climate associated risks.
As we continue to observe the impacts of climate change on communities in Canada and across the globe, it has become clear that the way we think about business strategy, investment, and partnerships must evolve to truly create resilient economies and societies. This project seeks to better understand supply systems, map shared risks between companies and communities, and generate evidence to design multi-actor climate adaptation strategies for long-term sustainability.
Waterloo Climate Institute member contributions
Project Partners
- United Nations Office for Disaster Risk Reduction of the Americas and the Caribbean
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Private Sector Alliance for Disaster Resilient Societies ARISE Canada
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Trade Facilitation Office Canada