Ethos Lucia Mingle

Resilience: in your budget, or on the next invoice?

€200 billion. That is roughly what climate-related losses have cost the EU from 2022 to 2025, and the bill is still growing.

That is why the EU is shifting its focus from reacting to crises to anticipating them, and expecting business to build resilience into how it operates. Extreme weather, geopolitical tension and trade restrictions expose critical dependencies, where one disrupted supplier, material or transport route can bring operations to a halt. The choice is to invest in preparedness now, or pay when disruption hits.

So how do you build resilience before it is tested? Join Ethos for an afternoon of sharp conversations with business leaders and experts on climate risk, insurance and supply chain security.

Thursday 10 December, 15.00-20.00

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Two sessions deep diving on resilience

Session 1

Climate risk, insurance and the cost and benefit of adaptation

Storms, floods and heatwaves are becoming more frequent, and insurers’ view of your sites and operations is increasingly showing up on the invoice. Across Europe, only about a quarter of climate-related losses have been insured. For companies, that can mean higher premiums and deductibles, assets that are harder to insure, and banks and investors asking the same questions as the underwriter.

Preparing for climate risk costs money. But so does waiting until the damage is done.

Together with Zurich and Beijer Alma, we explore how companies can learn from the way insurers assess risk, where adaptation pays off, and how to share and reduce exposure before the next extreme weather event turns into a business expense.

Session 2

Supply chain security, strategic dependencies and the cost of inaction

Geopolitical tensions, extreme weather and trade restrictions are testing supply chains. Sweden’s rearmament has added another dimension: security of supply is no longer just an operational concern, but a strategic business question.

Every product depends on a chain of suppliers, materials, manufacturing sites and transport routes. When one critical link relies on a single supplier, country or route, the entire chain is exposed. Bringing everything home might sound like the answer, but resilience is more complicated than that. It means knowing where dependencies lie, diversifying where it matters, and deciding what needs to be secured before disruption strikes.

This panel brings together different actors of a chain to discuss which dependencies businesses can afford to carry, where domestic capacity makes sense, and how companies and society can prepare for disruption without paying for unnecessary redundancy.