The Building Podcast with Mark Wakeford
Mark Wakeford is Chairman of the National Federation of Builders, Strategy Director of the Global Solar Council and Chair of the West Midlands Solar Taskforce. He has run a large regional building contractor and now chairs Evoenergy, one of the UK's foremost renewable companies, bringing low carbon solutions to corporate Britain.
Mark talks to leading experts from across the construction sector to discuss issues facing the built environment. He explores various challenges with his guests, who offer solutions, information and ideas that listeners can apply to their own situations, be it in a company, on a project or studying at college.
The Building Podcast aims to provide 'CPD on the go'. Supporting the sector with easily digestible ideas to support a rapidly changing industry!
The Building Podcast with Mark Wakeford
Mark talks to Kamil Kluza - Climate X
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Climate change is creating risks for construction clients around the world. What do we build? How do we make it resilient? Where do we build and what are the long-term risks from climate change that I need to take into account? The same challenges face the banks when they look to see what is fundable and what is not? Construction companies, dealing with projects rather than operations that are rooted in one location are also not immune to climate change. Construction and energy companies need to assess their serves and their supply chains against climate risk to ensure their long-term viability.
Kamil Kluza is the Chief Operating Officer and founder of Climate X – A platform that can provide a strategic risk rating for a company’s exposure to climate change over a period of time. The platform assesses discrete locations against climate change effects, such as flood and storm, together with an assessment of supply chain risk. These risks are quantified in terms of potential costs against the cost of measures to mitigate any risks. This allows the company to then make high level decisions on what is worth an investment and what to manage, or divest from, if the costs outweigh the value. The tool is also used by banks to assess the risk of a company defaulting investment or debt repayments as a result of climate change.
This is a powerful tool, that can inform customers of risks and mitigating resilience measures that can then be delivered by their construction partners. Listen to Kamil if yo would like to understand how financial risks are managed by banks, how climate change risk and opportunity can be managed strategically by companies and the ease of which these tools can now be deployed.