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Iryna Maksymova*1, Vitalii Velhas2, Anastasiia Tokunova3, Mykola Pugachov4, Kseniia Chichulina5
1Department of International Relations, State University of Economics and Technology, Kryvyi Rih, Ukraine.
Email: maksimova_ii@kneu.dp.ua ǀ ORCID: https://orcid.org/0000-0001-9754-0414
2Interregional Academy of Personnel Management, Kyiv, Ukraine. Email: Velgasvv@i.ua | ORCID: https://orcid.org/0009-0001-9922-3110
3Department of Economic and Legal Studies of the Economic Security Problems, State Organization “V. Mamutov Institute of Economic and Legal Research of the National Academy of Sciences of Ukraine”, Kyiv, Ukraine.
Email: anastasiya.to@gmail.com | ORCID: https://orcid.org/0000-0002-5870-2473
4Food Department, Institute of Agrarian Economics, Kyiv, Ukraine. Email: avtor05@ukr.net | ORCID: https://orcid.org/0000-0002-7507-5870
5Department of Economics, Entrepreneurship and Marketing, National University “Yuri Kondratyuk Poltava Polytechnic”, Poltava, Ukraine. Email: chichulinak@ukr.net | ORCID: https://orcid.org/0000-0001-7448-0180
*Corresponding Author
Grassroots Journal of Natural Resources, 7(3ukr): s290-s312. Doi: https://doi.org/10.33002/nr2581.6853.0703ukr15
Received: 25 October 2024
Reviewed: 13 November 2024
Provisionally Accepted: 18 November 2024
Revised: 01 December 2024
Finally Accepted: 10 December 2024
Published: 31 December 2024
Extreme weather occurrences are on the rise due to the current worldwide trend of climate change. These modifications have the potential to seriously harm infrastructure, making it impossible for it to function. This article aims to create a plan for lowering risks and adjusting corporate procedures to climate change. Analysis, synthesis, induction, deduction, systemic, legal, systemic-analytical, and systemic-structural procedures were among the techniques used in the study. The study focuses on how firms may adapt to climate change, stressing the value of proactive planning and knowledge of particular climate hazards. Through the utilization of a methodical structure, the approach facilitates the incorporation of current data and adjusts to evolving socioeconomic circumstances. The results show that, especially when it comes to the ambiguity around the scope of climate change and its effects, a strategy for adjusting business operations to climate change and reducing related risks aids in determining the necessary adaptation solutions. Crucially, after putting the suggested steps into place, the adaption method developed in this study may be successfully incorporated into enterprise management procedures, providing qualitative benefits in improving the stability of certain business processes. The study emphasizes that one essential feature of corporate organizations is flexibility. Thus, they must align with their entrepreneurial objectives and have the flexibility to quickly adjust to shifting external circumstances to guarantee their efficient operation and growth. When selecting actions to carry out the change strategy for risk reduction and climate change, it is crucial to incorporate an evaluation process of the resources (finances, commodities) that are accessible as well as the resources (investments, innovations) required for the execution of the adaptation plan.
Adaptation strategy; Climate neutral economy; Risk reduction; Green bonds; Environmental projects; Social responsibility of business
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Maksymova, I., Velhas, V., Tokunova, A., Pugachov, M. and Chichulina, K. (2024). Developing Strategies for Adapting Business Processes to Climate Change: Minimizing Risks in the Context of Global Climate Challenges. Grassroots Journal of Natural Resources, 7(3): s290-s312. Doi: https://doi.org/10.33002/nr2581.6853.0703ukr15
Maksymova, I., Velhas, V., Tokunova, A., Pugachov, M., & Chichulina, K. (2024). Developing Strategies for Adapting Business Processes to Climate Change: Minimizing Risks in the Context of Global Climate Challenges. Grassroots Journal of Natural Resources, 7(3), s290-s312. https://doi.org/10.33002/nr2581.6853.0703ukr15
Maksymova I., Velhas V., Tokunova A., Pugachov M., Chichulina K. Developing Strategies for Adapting Business Processes to Climate Change: Minimizing Risks in the Context of Global Climate Challenges. Grassroots Journal of Natural Resources, 2024, 7 (3), s290-s312. https://doi.org/10.33002/nr2581.6853.0703ukr15
Maksymova, Iryna, Velhas, Vitalii, Tokunova, Anastasiia, Pugachov, Mykola, Chichulina, Kseniia. 2024. “Developing Strategies for Adapting Business Processes to Climate Change: Minimizing Risks in the Context of Global Climate Challenges”. Grassroots Journal of Natural Resources, 7 no. 3: s290-s312. https://doi.org/10.33002/nr2581.6853.0703ukr15
Maksymova, Iryna, Vitalii Velhas, Anastasiia Tokunova, Mykola Pugachov and Kseniia Chichulina. 2024. “Developing Strategies for Adapting Business Processes to Climate Change: Minimizing Risks in the Context of Global Climate Challenges”. Grassroots Journal of Natural Resources, 7 (3): s290-s312. https://doi.org/10.33002/nr2581.6853.0703ukr15
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