How It Ticks: The Swiss Culture, Business & Life Podcast

Understanding Climate Risk: Preparing for the Worst | Annemarie Büttner

12 snips
Dec 23, 2024
Annemarie Büttner, Lead of Climate Risk Solutions at Swiss Re, delves into the intricate world of climate risk. She discusses how natural disasters influence global supply chains and the importance of climate risk modeling. Annemarie shares real-world examples, including floods in Spain, and sheds light on the unique climate challenges facing Switzerland. With a focus on urban planning and proactive resilience, she offers practical steps for companies and individuals to prepare for an uncertain future amid climate change.
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ANECDOTE

Stadler's Flood Supply Crisis

  • Stadler, a Swiss train manufacturer, faced a drastic drop in share value after floods in Spain disrupted their supply chain.
  • This example clearly shows how climate events can have deep ripple effects on global business operations.
INSIGHT

How Climate Risk Modeling Works

  • Climate risk modeling combines hazard data, asset vulnerabilities, and exposure to estimate financial impact.
  • Future projections overlay climate models to estimate how risks like flooding intensify over time with climate changes.
ADVICE

Translate Risk Into Actions

  • After identifying risks, develop actionable plans like flood emergency responses or improve infrastructure.
  • Assess system resilience such as cooling capacity for heat waves and reinforce business continuity strategies.
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