The World Wide Fund for Nature (WWF-Philippines), in partnership with the Bank of the Philippine Islands Foundation, Inc., has released the results on the welfare of four cities – Baguio, Cebu, Iloilo and Davao – in adapting to climate change. The paper, entitled Business Risk Assessment and the Management of Climate Change Impacts, began in August 2010, reveals city-specific socio-economic baseline data for the selected cities. The selection of the cities was based mainly on the occurrence of storms, floods, drought and other extreme climate events during the past decade.
“Knowing that our country is a shared gift and responsibility, BPI firmly believes that companies must take advantage of business opportunities such as rethinking future investments and remodeling future infrastructures for the nation to grow and prosper under the circumstances brought about by this study,” says BPI President Aurelio Montinola III.
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