How Businesses Can Better Prepare for Climate Change
Jennifer Moss talks with Marketplace Morning Report about the need for businesses to better prepare for climate change. Moss highlights the lack of readiness among companies to adapt to the physical risks associated with climate change. She mentions that while around two-thirds of large companies have assets highly exposed to these risks, only one in five companies has a plan in place to address them.
Jennifer emphasizes that the impact of climate change extends beyond outdoor workers, such as road crews and delivery people, and affects workplaces in various ways. She mentions the example of Amazon, where heat and stress have led to a 100% turnover rate, highlighting the importance of businesses taking action to support their employees in changing environments.
The conversation also touches upon the issue of employee handbooks lacking clear policies regarding natural disasters and their impact on work. Moss suggests that organizations should establish concrete policies and emergency savings benefits to address these challenges. She further emphasizes the need for government intervention to codify these policies and support businesses in adapting to climate change.
Jennifer concludes by stating that businesses that are proactive in supporting their employees in dangerous and climate-impacted environments will stand out and attract top talent. She highlights the increasing competition for talent and the ongoing talent shortage, making it crucial for organizations to prioritize employee support in the face of climate change.
Overall, Jennifer provides valuable insights into the need for businesses to adapt to climate change and support their employees, emphasizing the importance of preparedness and clear policies in addressing the challenges posed by a changing climate.
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