Disaster Recovery Journal Fall 2024

Understanding the specific natural disaster threats each remote essential worker may encounter is crucial ... “ recovery programs will safeguard orga nizations, protect their core assets, and ensure continuity of critical operations. Risk managers must also build resilience across their supply chains to ensure proper third-party risk management and collaborate on policy, legal, tech nology, and market changes to address climate change mitigation and adapta tion. Establishing a robust process for identifying, measuring, monitoring, and controlling the financial and operational risks linked to climate change is crucial, with board oversight ensuring compre hensive efforts.

Weathering the Storm: Building Resilience Amid Climate Change Disruptions By STEVE GREENSTEIN A s the world faces the esca lating impacts of climate change, organizations are confronting unprecedented threats. From deadly torna does in Texas and flooding in Afghanistan to extreme heat in India and record breaking cold in Chile, these events high light the immediate need for agile recovery strategies. To add, in 2023 alone, the U.S. endured 28 climate and weather catas trophes, each causing over $1 billion in damage – further highlighting the urgency of having a proactive risk response. Proactive Risk Management: A Necessity, Not a Choice As climate-related disruptions become more frequent, organizations must navi gate the complexities they bring with them. Strategic planning and a proactive approach are essential to managing the severe adverse impacts of climate change on physical, operational, and techno logical infrastructure, for ignoring these consequences only increases financial, operational, compliance, and reputational risks. Developing a culture of resiliency and implementing effective disaster

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22 DISASTER RECOVERY JOURNAL | FALL 2024