Eternity Law International News ISO 14090: Climate Change Adaptation

ISO 14090: Climate Change Adaptation

Published:
September 1, 2020
Share it:

Climate changes affect society in different ways, and this happens due to industrial revolution start. Further climate change scale depends on the quality of efforts to limit future emissions. Organizational effect associated with climate changes are physical, financial, regulatory and reputational, and they can be direct and indirect. Investors, customers and the media are increasingly scrutinizing companies’ reactions. Regardless of the sector in which the company is located, it is increasingly responsible for influencing and responding to climate variations.

ISO 14090 on climate changes adapting (principles, requirements and guidelines) was published in September 2019. It provides a framework for firms to take such changes adaptation into account when creating and implementing policies, strategies and plans. All firms in which their deals, products and services may be threatened by climate change or, sometimes, they can take advantage of it can use standard.

Standard Importance & Essence

It is the main ISO standard designed to help companies assess the impact of climate variations and create plans for good adaptation. Standard shows how companies can prioritize and create quality, efficient, clear and deliverable adaptations that improve resilience and demonstrate robust risk management in face of climate transformation.

To give choice and flexibility, the standard is presented at a high level; this makes it possible to tailor actions to the needs of the company. The special non-linear nature of the approach to the standard allows enterprises to fine-tune its structure regardless of where they are in their own adaptation strategy – from those who are just starting to those who are adapting to those who prefer leadership. ISO 14090 for climate change adapting and is drafted to be meaningfully integrated into current business practices and priorities. This includes implementing adaptation mechanisms in parallel or in conjunction with different resilience priorities (such as mitigating gas emissions) or SDG targets.

ISO 14090 can be applied with other management system standards such as ISO 14001, the environmental management system standard and ISO 55001, the asset management system standard.

Structure of the Standard

  1. Normative references.
  2. Terms and definitions.
  3. Principles (the principles that are presented in this section are the basis for changes adaptation process).
  4. Pre-planning.
  5. Assessment of the impacts of climate changes, including opportunities (the enterprise evaluates how it affects work, products and services).
  6. Planning adaptation.
  7. Monitoring and evaluation.
  8. Reporting and information exchange.

Climate change affects the following:

  • health, safety and productivity of workers;
  • air quality;
  • asset damage and disruption to operations;
  • loss of coastal infrastructure;
  • storm surge, flooding and pollution;
  • disruption to supply chains and distribution networks;
  • change in the price of products;
  • shifts in the provision of ecosystem services;
  • decline in the productivity of crops and livestock;
  • regulation or other interference of the country;
  • fiscal measures such as incentives and penalties.

In addition to obtaining international certification, you can also view offers in categories  ready-made companies and licenses for sale.

Table of contents

You could be interested

Mergers & Acquisitions (M&A) in France

It happens in entrepreneurship when businesses combine or one firm acquires another. It can be due to various causes, such as an eagerness for faster development, saving money, getting new products or technology, reducing competition, etc. This article will cover the main details concerning mergers and acquisitions France. You will also find an explanation of...

VASP Licensed Company in Poland for Sale

As the cryptocurrency ecosystem continues to mature in Europe, Poland stepped in as one of the more attractive jurisdictions for virtual asset service providers. A VASP licensed company could be bought in Poland—a fully working business model with established regulatory compliance and banking relationships, and a clean corporate history for potential investors. That would become...

ISO 28001: Supply Chain Management

Supply system is breakable in many sectors or causes public safety concerns. This situation leads to security gaps in private and public institutions and negatively affects companies. Such risks need to be identified in the supply mechanism for firms and effectively managed through accurate diagnostics. ISO 28001 enables enterprises to define and document reasonable levels...

Protection Against Political Persecution in USA

Political oppression is a considerable matter which can  affect people around the world. Governmental body of the particular state takes an aim at the individuals who express their different opinion or belief. Sometimes these people perform actions which put the country at risk one way or another. They can face an unfair trial, confinement, or...

Features and Benefits of Different Payment System Types

Conventional banking institutions set many conditions that must be followed by those seeking to cooperate with a particular bank. As a rule, clients spend a huge amount of time to meet all the requirements set by the bank. This became one of the reasons for the emergence of virtual systems for payments – a profitable...

Rules for funds investing in cryptocurrencies

The Maltese government has developed a set of rules, namely, rules for funds investing in cryptocurrencies. A few years ago, most states did not recognize cryptocurrency as a financial instrument. It was believed that these units are used in a minimum of operations. Today, without Bitcoin, Riple, Litecoin, Cardano and other units, it is impossible...

Related posts

Nevis Gaming License

Nevis Gaming License is regarded by market participants as alternative to other regulatory models, including Curacao Gambling License and Malta Gaming License. At the same time, Gambling License in Nevis represents independent legal framework, structured as separate model of regulatory control and primarily focused on online gaming activities and international operators. Nevis is autonomous jurisdiction...

Opening a business in Turkey

Turkey occupies a liminal position between Europe and Asia, making it a pivotal trade and investment crossroads. A dynamic economy and a huge local market draw entrepreneurs from around the world to the country. Understanding the local legal and financial landscape is the first step for those looking for opening a business in turkey. This...

GmbH vs UG: Credibility Premium vs Capital Efficiency for Early-Stage Teams

This is where the rubber meets the road for founders in Germany who are ready to incorporate their first company. They must choose between two very popular modes. GmbH or UG are both limited liability companies under German law that offer both forms of personal protection for shareholders and work within somewhat similar statutory frameworks....

Liquidation of companies in Cyprus

Key components in sustaining the attractiveness of the island in question as a nation for businesses include the tax system, EU membership, and corporate legislation. Termination is the last resort for a firm sometimes. It is crucial that in such a process, members of the board, investors, and advisers have exposure. The paper gives simple...

From Share Purchase Agreements to Smart Contracts: Redefining Legal Frameworks

The world of corporate deals has always had its drama. Negotiations, long documents, endless edits, lawyers from both sides who spend weeks agreeing on every comma in the Share Purchase Agreement. But imagine a completely different picture: instead of a ton of tribulations on the way to perfection, there are a few lines of code...

Argentina Corporate Tax Explained

To investors and entrepreneurs eyeing Argentina, navigating the country’s corporate taxation sphere isn’t just a bureaucratic hassle; it’s a key step to building a viable and compliant business there. The fiscal regulations are not perfectly committed, but this region is rich in detailed tax laws that are quite well crafted towards control and digital verification....

Discover our services

The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.

Fill the blank: