Climate-change isn’t coming…it's already here

Between Hurricane Harvey in 2017 and the Rhine droughts of 2018 the implications of climate change have already taken a significant toll on the chemicals industry, dealing hundreds of millions of dollars in damage and lost earnings. What's more, climate-related hazards such as coastal storms, inland flooding, drought, and extreme temperatures will increase in occurrence over the next 50 years. While there is still uncertainty surrounding the severity and timing of future events, resilience planning is essential for companies to alleviate risk and ensure survival in the long run. In the report "In the Path of Destruction: Preparing for Global Climate Change in the Chemical Industry," we analyze innovations and strategies capable of addressing climate-related risk.