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Title page 1
Contents 3
Summary 1
Acknowledgments 2
A Note from Our Leaders 4
Introduction 5
Key Findings 8
1. Corporate climate resilience efforts remain underdeveloped relative to risk 8
2. Companies lack the tools and language to treat climate resilience as a financial discipline 8
3. Action on climate resilience is limited by a lack of organizational integration and often lacks a necessary internal convening champion 9
4. Action on climate resilience remains reactive to individual disruptions rather than integrated across enterprise-level strategy 9
5. The guidance landscape is expanding but fragmented and challenging to navigate 9
The Path Forward 10
Why It Matters: Climate Resilience Impacts Corporate Profits 11
Mapping the Corporate Journey to Building Climate Resilience 13
Where Companies Stand Today: Recognition Without Readiness 13
An Organizing Structure for the Journey: Six Modules from Awareness to Action 15
The Guidance Landscape: Valuable but Fragmented 16
Corporate Climate Resilience: Pockets of Strong Practice, but Short of Enterprise Readiness 18
Deep Dive: A Module-by-Module Assessment of Corporate Performance 20
1. Understand and assess climate risk 20
2. Integrate climate risk into governance and operations 21
3. Value and build resilience 22
4. Finance resilience 23
5. Disclose risk and resilience action 24
6. Engage the ecosystem 25
What's Needed Next 26
1. A navigable catalog of current guidance and tools 26
2. A climate resilience maturity model and benchmarking to define what "good" is 26
3. A broadly accepted holistic corporate climate resilience framework 27
4. Sector-specific climate resilience playbooks 27
Conclusion 29
Appendix 1 30
Appendix 2a 37
Appendix 2b 38
Endnotes 39
FIGURE 1. 'RIPPED FROM THE HEADLINES' EXAMPLES OF PHYSICAL CLIMATE RISK 12
FIGURE 2. CORPORATE ADAPTATION PLANNING 14
FIGURE 3. EUROPEAN CORPORATE ADAPTATION PLANNING 14
FIGURE 4. AN ORGANIZING STRUCTURE FOR UNDERSTANDING CORPORATE MATURITY ON IMPLEMENTING CLIMATE RESILIENCE 15
FIGURE 5. MATURITY OF CORPORATE GUIDANCE BY MODULE 16
FIGURE 6. CORPORATE MATURITY ACROSS MODULES 18
FIGURE 7. EMBEDDING CLIMATE RESILIENCE ACROSS BUSINESS FUNCTIONS BY IMPLEMENTING INTEGRATED RISK INTELLIGENCE 21
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