Flagship Action 16: International leadership: Race to Resilience and TCFD supporters initiative Intention Climate Ready Clyde will sign up to the United Nations Race to Resilience (Resilience campaign,) which seeks to build the resilience of four billion people globally, who are most vulnerable to the impacts of climate change. Through this umbrella campaign, the initiative will seek to strengthen understanding of who in the region is most vulnerable to climate impacts, where they are located, and target action to support them. We will also seek to crowd in a significant number of additional actors in Glasgow City Region, in service of this. In parallel, the Secretariat will also become a supporting City Region for the Task Force on Climate-Related Financial Disclosures (TCFD). Over time, the initiative will work to make information on climate risk and adaptation action available to support companies in Glasgow City Region to assess climate risk and support decisions of those looking to locate here. Outcomes Climate Ready Clyde members are clear that we must ensure that the impacts of climate change do not fall disproportionately on the most vulnerable in our region, and that activities to adapt seek to reduce existing inequalities and vulnerabilities. Signing up to the Race for Resilience initiative will provide a signal of a shift in societal priorities to build resilience amongst the most vulnerable and drive a deeper shared understanding of who is most vulnerable to climate change. At the same time, economic prosperity is fundamentally linked to a safe future climate. Joining the TCFD initiative is the start of an ongoing process of providing signals and actionable information to the wider market, to price climate risk accordingly and ensure the financial system supports climate resilience. Supporting and enabling mechanisms • Data and evidence – ne eded to help inform and target our work towards the most vulnerable, as well as to identify those businesses • Existing private sector and community governance mechanisms – which may be a helpful starting point for considering how to embed considerations of climate risk and adaptation • TCFD Regulation – the requirement for all businesses with 200 employees or more to consider their transition and climate risks from 2025.
Supports delivery of the following Adaptation Strategy interventions 1 2 4 5 11
Key partners UK Government, UNFCCC, Clydeplan, SEPA, Dynamic Coast, 4 Earth Intelligence, CBI, Chambers of Commerce, Community Planning Partnerships, Glasgow City Region, large corporates in scope of TCFD reporting.
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