How does the Philippines fare in climate change resilience in business?
The Philippines ranked 85th out of 180 countries* in citizenship consultant Henley & Partners’ Investment Migration Climate Resilience Index that assesses the countries’ climate change resilience. In partnership with the Deep Knowledge Analytics, the index was geared toward global investors proactively looking where to build future-ready, climate-resilient portfolios. To further help investors decrease their exposure to high climate change risk, the countries in the index were grouped into three resilience bands — higher, medium, and lower resilience. With a climate resilience score of 33.2 (out of 100), the Philippines was classified into “lower resilience,” which means it is more at risk from extreme environmental events such as forest fires, hurricanes, heat waves, floods, droughts, and storms. Infrastructure will be both weaker and more exposed, and disaster preparedness and response to these extreme events will be slower.
