The prolonged rainy season in the Philippines poses an immense threat to the business and economic environment of the country. According to the Association of South-East Asian Nations (n.d.), the Philippines was revealed to be one of the six South-East Asian countries prone to climate change, with recurring typhoons and droughts resulting in economic loss, and shortages in equipment and manpower for industries such as energy consumption, infrastructure, agriculture, and healthcare.
These deficiencies further translate into the difficulty for businesses to fully compensate for production and sales lost and the aversion by foreign investors from the decline in appeal and profitability of the country. Both the private sector and government agencies hold responsibilities in paving the way for the business community to take part in mitigating the drastic effects of the climate crisis.
Join us at the second instalment of the Climate Change series entitled "Catching Up To Climate Change: Economic Implications and Response" on April 23, 2021, from 2:00 pm to 3:35 pm via Zoom as our speakers will discuss the importance of integrating climate change in strategic business decisions and the present and future collaborative efforts between the Philippine government and the private sector. Ultimately, to discuss the possible effects of climate change on the business industry.
In close partnership with government, businesses, civil society, and academia, ECCP passionately works to enhance the business environment for both European and Filipino companies.