Private Sector Involvement in Climate Change – Potential for Future

Ranga PallawalaDirector Janathakshan GTE Ltd.

Outline

• Climate Change impacts on Sri Lanka • Climate Change and Private Sector • Private Sector in Mitigation • CSR • Private Sector Adaptation for Climate

Change

Climate Change in Sri Lanka

• Mainstreaming to development• Private sector’s contribution to

development • Direction towards low carbon and resilient

world

Climate Change Effects on Private Sector

• All general effects from sea level rise to migration

• Effects on businesses – Changing customer preference – Increased CoP/CoD– Regulations – Value chain effects– …………..

Mitigation

• Most of world’s mitigation investments comes from private sector

• Renewable Energy & Energy Efficiency• Maintaining sinks • Straight forward business models• Attractive profit margins • Current financing strategies mostly look at

these models

Corporate Social Responsibility

Core Business Social

Responsibility

Social Responsibility

Corporate Social Responsibility

Core Business

Socially Responsible Business

Corporate Social Responsibility

Private Sector in Adaptation

• What is adaptation?• Can adaptation actions generate profits?• Adaptation is only for “Vulnerable

Communities”• CSR oriented Adaptation

Why Private Sector should Prioritize Adaptation through Core Business

• Direct Adaptation Actions of Core Business in Vulnerable Sectors

• Adaptation in Business Risk Mitigation• Adaptation as a New Business Opportunity• Adaptation in Business Value Chain• Adaptation using Financial Products• Climate Change Adaptation for Human

Resource Management• Adaptation through Mitigation

Discussion