Scaling Corporate Action on Physical Risks from Climate Change
Physical climate risk has become a multiplier of every other disruption companies face – shaping earnings, insurability, financing costs, and competitive positioning. Yet by drawing on interviews and dialogues with over 40 organizations, we found that most companies have been unable to translate their recognition of the risks into readiness to act. While 65% of public companies now cite physical climate risk in their filings, only 25% of those acting have taken genuinely strategic measures to build climate resilience.
Conversely, many companies continue to respond to physical risks and impacts event by event. The barrier is not information but the absence of shared financial language, clear ownership, and connected guidance. In this report, we call for a coordinated, practitioner-led effort to build that foundation – a navigable catalog of guidance, a maturity model, a standardized corporate climate resilience framework, and sector-specific playbooks – and we invite companies, investors, standard-setters, and expert organizations to build it with us.
