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International Journal of Advanced Engineering, Management and Science


Extent of Effects and Practices on Climate Risk Management of Manufacturing Firms in the Province of Batangas

( Vol-5,Issue-2,February 2019 )

Author(s): Robert S. Dipasupil



Total View : 548
Downloads : 35
Page No: 140-153
ijaems crossref doiDOI: 10.22161/ijaems.5.2.6

Keywords:

Climate change, manufacturing companies, risk management, adaptation, operations.

Abstract:

The study aimed to identify the manufacturing companies’ risk management practices towards climate change. Towards this goal, the study investigated firstly the areas of business affected by climate change and secondly, the effectiveness of their climate change risk management practices. The study looked into the significant difference on how the respondents assess the effects of climate change on their business as well as the effectiveness of climate risk management practices when compared according to their profile variables. Descriptive survey method was employed in the conduct of the study. A validated questionnaire was used to gather the needed data among 174 manufacturing companies in Batangas Province. The data were analysed with the use of frequency count, percentage and weighted mean, as well as analysis of variance (ANOVA) for the significant difference of the means. It was found that climate change has a moderate effect in the areas of production and operation, finance and accounting, and marketing. Among the areas of climate change risk management practices, only those that involve managing the risks were regarded as effective, while the rest were considered moderately effective. It is suggested that the manufacturing companies create sustainable partnerships among other companies that have successfully implemented climate change risk management initiatives to minimize the impacts brought about by the climate change.

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