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The Partnership for Resilience and Environmental Preparedness, or PREP, seeks to promote responsible business practices that help businesses and vulnerable communities adapt to climate change impacts, and engage in policy discussions to promote strong adaptation and community resilience-building policies and programs.
The companies in PREP are: Calvert Investments, Earth Networks, Entergy, Green Mountain Coffee Roasters, Inc., Levi Strauss & Company, Starbucks, and Swiss Re. Other partners in PREP include BSR and Ceres. Oxfam America serves as PREP's secretariat. Read the PREP Mission Statement.
The goals of the Partnership are to:
- Promote practices and economic growth that help both vulnerable communities and business adapt to the impacts of climate change ; and
- Promote public policies that facilitate adaptation efforts to prepare for and respond to the consequences of a changing climate.
From extreme weather events to glacial melt, from water scarcity to rising sea levels—the effects of climate change on global economic stability and global security can no longer be ignored. Even with aggressive mitigation efforts to reduce emissions, the consequences of climate change on communities across the planet are significant. For many, the results are more severe weather-related disasters, increased food and water insecurity, scarce natural resources, and health problems.
Community risks are business risks. On a functional level, the impact of climate change on companies’ global supply chains is already visible. For example, changes in weather patterns affect growing conditions for crops like coffee and cotton. Climate change threatens the global operations of some businesses, such as when severe floods displace families and workers in areas where manufacturing facilities are located. Such climate-related risks, and their links to broader community needs, are just beginning to be understood by the private sector.
Businesses are also just beginning to identify adaptation growth opportunities as the demand for certain products and services increases. For example, increasing water scarcity will necessitate improved and more efficient irrigation technologies. As companies anticipate and respond to these shifts in demand they should look to partner with communities with an aim towards investing in local jobs and improving livelihoods.