Antananarivo: Businesses Facing Climate Challenges

On November 29, 2024, a conference organized by CAP Business brought together business leaders and experts at the Hôtel du Louvre in Antananarivo to address a critical issue: managing climate risks and economic vulnerabilities in the Indian Ocean region.

Growing Climate Risks

The speakers highlighted the major climate risks threatening businesses in Madagascar and the region, including cyclones, floods, prolonged droughts, and rising sea levels. These increasingly frequent phenomena disrupt the local economy and significantly impact key sectors such as agriculture, tourism, and industry.

Anticipating to Better Resist

The event emphasized the importance of adopting adaptation strategies. Solutions discussed included improving infrastructure, adopting resilient technologies, and implementing crisis management plans. Participants were also informed about regulatory and voluntary reporting frameworks, essential for tracking and disclosing climate risks.

Tools and Perspectives

Resilience assessment tools were presented, allowing businesses to measure their capacity to withstand climate disruptions and identify priority actions to strengthen their preparedness.

A Call to Action

In conclusion, Vincent Hornsperger, Mission Officer for Low-Carbon Resilient Strategy & Circular Economy, highlighted the urgency of integrating climate risk management into business development strategies. In an increasingly unstable environment, resilience has become essential to ensure the sustainability of the regional economy.

This conference marked an important step in raising awareness among economic stakeholders about the climate emergency and the need to act today to secure a sustainable future.