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10 steps to get ahead of physical and transition climate risks in the food and beverage industry

Insights from our Global Food and Beverage Webinar March 2025

Author

Simon Lusher,
Richard Bater,
Ada Kinczyk and
Olivia Palin
April 15, 2025

Our 2024 Global Food, Beverage and Agriculture Risk Report revealed that 71% of respondents see climate change as the most significant environmental risk to their business. So how can food and beverage businesses respond to these challenges and increase their resilience in a changing world?

In the webinar, specialists from Willis and global beverage business Diageo explored ways to manage and mitigate both physical and transitional climate risks while generating opportunity and growth. We have summarized the key takeaways from the discussion below. 

Disclaimer

WTW hopes you found the general information provided here informative and helpful. The information contained herein is not intended to constitute legal or other professional advice and should not be relied upon in lieu of consultation with your own legal advisors. In the event you would like more information regarding your insurance coverage, please do not hesitate to reach out to us. In North America, WTW offers insurance products through licensed entities, including Willis Towers Watson Northeast, Inc. (in the United States) and Willis Canada Inc. (in Canada).

Authors

Simon Lusher, Global Food and Beverage Leader

Simon Lusher

Global Food and Beverage Leader

Richard Bater, Climate Risk & Natural Catastrophe Consultant, Climate Practice

Richard Bater

Climate Risk & Natural Catastrophe Consultant, Climate Practice

Richard is a Senior Director in Willis' Climate Practice. He specialises in physical climate risk analytics, developing climate datasets, risk models and technology that help organisations assess, quantify, and manage climate-related risks. Richard has delivered climate resilience and risk assessment projects across more than 30 countries and supports clients in turning climate science into practical risk management decisions. Since joining Willis in 2018, Richard has advised clients build long-term resilience to large or complex climate risks across various sectors, from digital infrastructure to financial services.

Ada Kinczyk

Director, Climate Transition Practice

Photo of Olivia Palin

Olivia Palin

Associate Director, Climate Practice

Contacts

Randi Harwood, Senior Managing Director

Randi Harwood

Senior Managing Director

Access the webcast replay