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.

You could be interested

Best Forex Brokers in South Africa for 2023

Introduction Navigating the intricate field of the foreign exchange (forex) market needs more than just trade understanding and trading skills. Selecting the right forex broker plays a pivotal role in shaping a trader’s success. As the year 2023 unfolds, South Africa stands as a vibrant hub for forex trading, hosting a spectrum of dealers eager...

Cryptocurrency Prospects in Poland

Cryptocurrency Prospects in Poland are the latest news in recent times. Without cryptocurrency, it is impossible to imagine modern life. Not only ordinary people are engaged in it, but also various organizations, companies. They go to the ICO and open up new mechanisms, projects in the field of innovative technologies. However, working with bitcoins and...

Company registration for ICO

More and more people are thinking about how to make profitable investments in new technologies and legally reduce the costs of personal business to pay taxes and fees, so the registration of companies for ICO is a logical step for everyone. Eternity Law International specialists help clients to implement projects to create promising companies for...

Cards & APM Processing Connection

Today, in the world of digital commerce, funds handling has gone way beyond just credit/debit card usage only. While electronic fund transfer is at the heart of global transactions, an expanding number of transactions between merchants and consumers necessitate different rails i.e. alternative means of payment, which are regional and sectoral. Card handling and APMs...

SEMI license in Spain

Spain stands out as one of the most dynamic fintech ecosystems in Europe, with extensive experience in registering payment institutions and e-money institutions. The country provides tax breaks and other privileges, which makes it attractive to entrepreneurs compared to other jurisdictions. The Spanish market is developing rapidly in the payments sector, opening up significant opportunities....

How to develop a mobile bank?

All over the world, millions of people of all ages use mobile banks. If your bank still does not have a mobile application, then soon the clients cooperating with you will go where there is such an application. So, how to develop a mobile bank and provide even more convenience for your client? Modern technologies:...

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

Eternity Law International is an international legal and business advisory company. We support businesses, entrepreneurs and investors on complex legal, regulatory and corporate matters across international markets. Our multidisciplinary approach combines strategic insight with practical expertise to help clients structure, grow and operate their businesses with confidence

Fill the blank: