Search
 

Perils of Climate Change

Global warming and severe weather pose serious risks for businesses. Here are some to consider.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Two years ago, executives at Levi Strauss & Co. analyzed the effects of climate change on their business and realized the consequences could be dire. Declining water supplies and increasing temperatures in India, Pakistan and other countries that produce cotton–the company’s core ingredient–could spell disaster for the San Francisco-based clothing manufacturer. “We needed to be sensitive to risks that would influence the price, yield and quality of that vital material,” says Anna Walker, senior manager of worldwide government affairs and public policy at Levi Strauss. What was needed, Walker and her colleagues figured, was a way to improve the efficiency of agricultural water use.

So the company launched an ambitious effort to teach farmers in those areas more water-efficient techniques, teaming up with a nonprofit group, Better Cotton Initiative, that works on such efforts. Products made from this cotton haven’t hit the market yet, but the company is hoping to have 5% of its clothing made using these methods by 2015. Eventually, it wants all its merchandise to be sourced in this way.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

 

Recommended Stories

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2022 ALM Global, LLC. All Rights Reserved.