By making their predictions and analyses public, companies can also learn from each other about how to become more resilient in the face of climate threats.“Climate change is right now a very much under-priced risk in financial disclosures,” says Sarda, who believes both companies and investors need to prioritize climate-related accounting more.
The struggles are coming fast, and they’re coming hard. For farmers, drought or even just less reliable rainfall means crop failure and less water for cattle. Landslides from stronger monsoons wipe away farmland. Living alongside rivers is increasingly perilous, as stronger—yet often less frequent—storms flood communities.All terrible crises in their own right, but exacerbated by underlying societal norms. In East Africa, for instance, men in pastoral communities have traditionally wandered 15, maybe 30 kilometers from home in search of water for their cattle, returning to their families periodically. But with climate change, now they’re having to travel up to 150 kilometers. Before, women would go with the men and milk the cattle, using the product both for their family’s own nutrition and as an extra source of income, and heading home as needed. Now that the men have to cover much greater distances, the women end up staying at home base, thus losing out on the invaluable resource that is milk.
In India, the dynamics are even more complicated. Anticipating lower yields, men may plant seeds and get the crop going, then migrate away to find work in factories or on construction sites. Left with these new farming duties, on top of childcare and other household responsibilities, women struggle to support the family. Their agency slips farther and farther away as the family’s plight grows.
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“The man’s story is not a very nice one either,” says Rao. “They're often working double shifts, triple shifts, and with no proper housing. And often when these men come back home, they're so exhausted and they've not had proper food, they've not had proper living conditions.” Much of the money they bring home goes to mending their broken bodies.
Gender plays a major role here, but it’s far from the only complicating societal factor in the age of climate change. In polygamous households, an age hierarchy determines a wife’s agency: Elder women are the authority figures, for instance determining who eats what, and will dispatch younger women to walk to find ingredients. And with climate change bringing food scarcity, that puts ever more of a burden on these younger wives.But the polygamous structure can also bring stability in a changing world. “In East Africa, we found that actually some of the women within polygamous households did much better in terms of their ability to respond and adapt than separated or divorced women, because polygamous men tended to be the better off, with more resources,” says Rao.
To say this is purely a problematic binary, that men suffer this way, and that women suffer this way, is to oversimplify matters. “It's not just, women as a category, but which women are we talking about?” says Rao. “Similarly, it's not men as a category, but which men are we talking about? So we can look at class for instance, or wealth, we can look at ethnicity and caste, we can look in Africa particularly at age or generation, which becomes a very important marker of women’s status, but also of women's rights to exercise decision making.”