The private sector can respond to the impacts of climate change by adapting its own assets, operations, supply chains, and resources to ensure the business continuity; through financing and investment in adaptation solutions; or by providing adaptation solutions through products, services and technologies that increase resilience. Technologies for reduced water consumption in the face of impending droughts, loans for building reinforcement in the face of floods; these are some examples of investments and products needed to adapt.
The consulting firm EY conducted the «ESG Panorama of Latin American companies» survey, which was directed to to directors of more than 400 national and multinational companies of 19 industries located in Bolivia, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Mexico, Nicaragua, Panama, Peru and the Dominican Republic. The study revealed that although progress has been made in the implementation of ESG strategies, there is still a long way to go.
