{"id":722242,"date":"2024-12-10T05:36:03","date_gmt":"2024-12-10T13:36:03","guid":{"rendered":"https:\/\/www.esri.com\/about\/newsroom\/?post_type=wherenext&p=722242"},"modified":"2024-12-10T05:36:03","modified_gmt":"2024-12-10T13:36:03","slug":"do-climate-havens-exist-mapping-may-hold-the-answer","status":"publish","type":"wherenext","link":"https:\/\/www.esri.com\/about\/newsroom\/publications\/wherenext\/do-climate-havens-exist-mapping-may-hold-the-answer","title":{"rendered":"Do Climate Havens Exist? Mapping May Hold the Answer"},"author":501,"featured_media":0,"parent":0,"menu_order":0,"template":"","format":"standard","meta":{"_acf_changed":false,"sync_status":"","episode_type":"","audio_file":"","podmotor_file_id":"","podmotor_episode_id":"","castos_file_data":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","filesize_raw":"","date_recorded":"","explicit":"","block":"","itunes_episode_number":"","itunes_title":"","itunes_season_number":"","itunes_episode_type":"","_links_to":"","_links_to_target":""},"categories":[],"tags":[430861,200462,471742],"department":[488822],"wherenext-category":[],"industry":[],"class_list":["post-722242","wherenext","type-wherenext","status-publish","format-standard","hentry","tag-business-continuity","tag-business-strategy","tag-climate-risk","department-sustainability-risk"],"acf":{"short_description":"As business leaders seek to mitigate weather impacts, prediction tools can help validate their assumptions. ","pdf":{"host_remotely":false,"file":"","file_url":""},"flexible_content":[{"acf_fc_layout":"content","content":"In the face of disruptive weather events, some companies are looking to \u201cclimate havens\u201d for protection against business interruption. But do safe harbors really exist?"},{"acf_fc_layout":"sidebar","layout":"standard","image_reference":null,"image_reference_figure":"","spotlight_image":null,"section_title":"","spotlight_name":"","position":"Left","content":"Snapshot:<\/strong> Business leaders think the US Midwest may be a climate haven, according to a recent survey. They\u2019d be well advised to check that assumption against science.","snippet":""},{"acf_fc_layout":"content","content":"The Michigan Economic Development Corporation (MEDC) thinks so and is betting that the US Midwest is among them. A healthy share of business executives appears to agree. Three-quarters of those recently surveyed by MIT Technology Review Insights and MEDC<\/a> said their companies have considered relocating due to weather-based risks, and nearly half believe the Midwest is the nation\u2019s least vulnerable region.\r\n\r\nEvery one of the 300 executives surveyed across 14 industries, including retail, financial services, and manufacturing, cited weather-driven impacts such as property damage, operational downtime, increased insurance costs, and supply chain disruptions.\r\n\r\nDespite these risks, only 6 percent plan to relocate their businesses within the next five years. However, nearly a quarter have already done so. When evaluating potential business sites, 71 percent of executives prioritize the availability of weather-planning resources as a top criterion.\r\n\r\nOne resource gaining traction among corporate leaders is the geographic information system (GIS)<\/a>, a business intelligence tool grounded in scientific projections of risk.\r\n

Testing Climate Haven Assumptions with Science <\/strong><\/h3>\r\nWhile some experts doubt<\/a> that any region is immune to climate risks, executives can make informed expansion or relocation decisions with careful consideration.\r\n\r\nMany have turned to GIS and GIS-based prediction resources like the Climate Mapping for Resilience and Adaptation tool. CMRA<\/a> provides science-based projections on the potential for drought, wildfire, and flooding in any US region, city, or neighborhood."},{"acf_fc_layout":"sidebar","layout":"standard","image_reference":null,"image_reference_figure":"","spotlight_image":null,"section_title":"","spotlight_name":"","position":"Right","content":"Related Read:<\/strong>\r\n\r\nResilience isn't just a defensive tactic. These days, it\u2019s also a competitive advantage<\/a>.","snippet":""},{"acf_fc_layout":"content","content":"An executive who suspects the Midwest is a climate haven can use this form of location intelligence<\/a> to fact-check the assumption.\r\n\r\nOne Dutch investment firm<\/a> with assets of more than \u20ac15 billion uses GIS-powered projections to steer investment decisions. With digital maps, managers see how properties or regions might be impacted by flooding, heat stress, wildfire, and other environmental factors.\r\n\r\nThe firm also uses insight from a risk map to inform discussions with building operators. Knowing which forms of disruption are likely to occur in which locations helps operators build resilience against potentially catastrophic weather events.\r\n

Mapping Risk Today and Tomorrow <\/strong><\/h3>\r\nExecutives are also using maps to analyze present-day hazards at key locations across their business operations. One of the world\u2019s largest hotel operators<\/a> uses GIS-based assessments to interpret weather risks and other threats to their facilities. With these insights, they make operational adjustments all over the world, every day.\r\n\r\nWith weather events costing the US nearly $150 billion<\/a> in damages each year, it\u2019s no surprise that executives are looking for places that could safeguard their businesses against loss. While a true safe harbor may not exist, GIS maps and analysis can help executives determine which locations pose less risk. In the quest for business continuity, location intelligence guides the strategic adjustments that deliver true business resilience."}],"references":null},"yoast_head":"\nA Map for Business Leaders Seeking Climate Havens<\/title>\n<meta name=\"description\" content=\"Climate havens may be a dream of risk-averse business execs; science-based maps offer a more realistic guide.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.esri.com\/about\/newsroom\/publications\/wherenext\/do-climate-havens-exist-mapping-may-hold-the-answer\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Do Climate Havens Exist? 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