??? Your escape plan to protect your business from climate change

Should we adapt to climate change instead of cutting emissions? Is it okay for companies to save their profits, even if it hurts workers and the community?

Today's edition is about how climate change affects businesses. Let's look at some of the ways these businesses can protect themselves, and why they need to act now.

If you're new to us, join the 23,416?readers who rely on the Crunch for weekly fintech updates by subscribing here.

??? Your escape plan to protect your business from climate change

Climate change is here, and it's getting serious.

This means companies can't just sit back anymore. They need to deal with its effects now, all while trying to cut down on their emissions.

The problem is that no one's really sure how climate change will hit us – economically, behaviorally, you name it.? So businesses are left scratching their heads, not knowing which way to turn.

And it gets trickier. The problems are scattered, and every situation needs its own fix, making it hard for businesses to know where to put their time and investments. Besides, the funding is way too low.

Now let's break down the facts before I get too morbid.

Background

• There's an imminent threat of +3°C warming by 2100.
• Climate change will have big impacts on people, society, and businesses.
• We need to adapt to climate change while also aiming for net zero emissions simultaneously.
• Only 10% of climate tech funding goes to adaptation.?
• We can achieve both adaptation and mitigation goals by improving how we use resources.

Today

• Businesses have to deal with four main challenges in adapting to climate change.
• First, they must secure critical resources like water and raw materials.
• They need to adjust manufacturing processes to be more eco-friendly.?
• They have to protect assets from climate impacts.
• Finally, they must work on marketing products that meet the consumer needs.
• There are many specific adaptation technologies tailored to local needs. However, funding for these technologies remains low.?

What's Next?

• Using technology like digital twinning and GIS tools can help businesses better predict and handle climate-related challenges.
• Businesses must include climate risk assessments in their decision-making and supply chain strategies.
• Businesses should invest in sustainable practices, renewable energy sources, and circular economy models for long-term success.
• Experts, industry leaders, and policymakers need to collaborate to tackle the complex challenges of climate change adaptation.

Are businesses ready for climate change? Or do they underestimate how urgent it is?

?? Exits Mena expands into Saudi Arabia with new joint venture, aiming to boost startups and SMEs in the region’s fintech sector.

?? 7X announces big expansion plans in the UAE, focusing on improving postal services and global operations.

?? GCash expands its services globally including international cash transfers for overseas Filipinos and tourists in the Philippines.

?? Zand Bank partners with Taurus to offer digital asset services in UAE, including custody and tokenisation solutions.

?? Visa, Emaar Properties, and Mashreq collaborate on digitising B2B payments with Visa’s virtual card solution.

?? Mashreq launches API-enabled instant payments for UAE corporate clients via Aani platform.

?? Adyen partners with noon to improve e-commerce payments across UAE, KSA, and Egypt.

?? Lenovo partners with Trustly to introduce open banking checkout across the UK and Europe.

?? FCAC takes on oversight of Canada’s open banking framework.

?? UK-based open banking provider Noda expands into Brazil, offering merchants cross-border payment solutions.

?? Web3 reached a record 10 million daily active wallets in Q2 2024, driven by growth in social apps, NFTs, and DEX platforms.

?? Valora introduces Mobile Stack for simple deployment of Web3 DApps on iOS and Android, improving mobile user experiences.

?? Notcoin jumps 50% after the Binance partnership announcement, with trading volume hitting $357M.

?? Bitcoin and Ethereum prices sharply drop, causing $580M in liquidations amid market volatility and concerns about Mt. Gox fund movements.

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?? CoinDCX enters MENA market by acquiring UAE’s top crypto exchange BitOasis, offering access to over 60 cryptocurrencies.

?? EdVentures invests $400,000 in Egypt’s Edtech El Kheta to improve personalised education for students with tailored curricula and study plans.

?? Jeel, a Saudi edutainment platform, secures seven-figure funding to add new languages to its app and expand reach across the MENA region.

?? Alpha Data plans a $200 million IPO on ADX with support from EFG Hermes and Emirates NBD Capital, focusing on AI and emerging technologies.

?? Relm Insurance expands into MENA with acquisition of B&F Partners and launches Dubai-based operation under DFSA licence to serve high-growth sectors.

Japan Fintech – Why the Timing is Now: What's behind the fast growth of Japan's fintech sector? This report looks at the factors that helped Japan become a major global player in fintech including changes in regulations, the economy, and culture. It digs into the government’s plans to support startup investments to JPY 10 trillion by 2027. Also, it spotlights the opportunities for fintech startups including household savings (over 54% of GDP), and normalising interest rates. Click here to read the full report.

Now, a quick break for your wellness. Chief Wellness Officer at FAB Diego Carrete is on a mission to help executives get fit, increase their energy, and live longer.

Today, he explains how we can improve our brain functions.

Hello there,?

To understand how the brain works and how we can improve its functions, there are some facts you should know.

1. The brain is the CEO of the body.?
2. It feeds on oxygen, glucose, and fatty acids.?
3. It needs both fuel and activation to function optimally.
4. If you don’t use neurons, you lose them. For the brain to be healthy, it needs activation.?
5. Brain parts interconnect and speak to each other to facilitate movement.?

In fact, movement is the best exercise to keep your brain young is. Whether it's strength training or cardiovascular exercise, physical activity is the ultimate brain activator.

Here's a surprising fact: cardiovascular exercise is exponentially more important for your brain than it is for your heart!

Now, let’s discuss a bit of “neuroanatomy” to understand how we can improve our cognitive function.?

We'll focus on the cerebellum, also known as the mini brain. Why??

1. Because while it comprises only 10% of the brain's volume, it contains more than 50% of the brain's and is always highly active.
2. The cerebellum controls our posture, balance, and coordination.?
3. It has right and left halves.
4. The more specific we are in activating it, the better – especially when it comes to sports performance.

So, what exercise can you do to wake up underachieving neurons?

Try this: brush your teeth with your non-dominant hand while standing on one leg. This unnatural activity has been proven to improve balance scores and activate under-active neurons.?

That's it for now. Helpful? Next week, we'll talk about 5 top foods to boost brain functions. See you then!

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