Climate Risk Preparedness and Adaptation

Climate Risk Preparedness and Adaptation: A Getting Started Guide

As the impacts of climate change worsen, the resilience of our environmental, social, and economic systems will be further threatened. It is crucial that organisations understand these risks and are proactive in adapting to them. Many companies understand that they need a strategy to prepare for climate risks and adapt to climate impacts but need more clarity on the work ahead. Anchored in research, our Climate Risk Preparedness and Adaptation: A Getting Started Guide helps your company to better understand the climate risks it may face, improve its preparedness, and develop a climate adaption strategy.

The Task Force on Climate-related Financial Disclosures

Momentum is growing for organisations to formally and transparently articulate the risks that climate change poses to the value of their assets and their future profitability. The Task Force on Climate-related Financial Disclosures (TCFD) emerged as a response to this call for action, empowering companies to more effectively measure and evaluate their own risks and those of their suppliers and competitors. The TCFD promoted “consistent, comparable, reliable, clear, and efficient” voluntary climate-related financial disclosures, and has developed comprehensive recommendations and resources in support of this. These resources focus on governance, strategy, risk, metrics, targets, and the use of scenario analysis for evaluating climate-related financial risks and opportunities.

The TCFD has produced a comprehensive Final Recommendations report and several supplemental reports, including a Technical supplement, which provides in-depth information and tools for using scenario analyses to understand the strategic implications of climate-related risks and opportunities to your organisation.

Although these resources remain to be an invaluable source of guidance, the Financial Stability Board (FSB) and IFRS have announced that the TCFD has fulfilled its remit and disbanded, and that monitoring of the progress of corporate climate-related disclosures now rests with the IFRS Foundation's ISSB.

How Climate Resilient is Your Company? Meeting a Rising Business Imperative

This guidebook from Marsh & McLennan will help acquaint you with the intersection of resilience and climate adaptation. The document provides key definitions; identifies five major groups placing pressure on companies to assess, define, and enact strategies that enhance climate resilience; and provides a 3-step approach to assessing your company's climate resilience.

Adaptation Gap Report 2025: Running on Empty

One of UNEP’s annual flagship publications, the Adaptation Gap Report can help you understand trends in climate adaptation at both the global and regional levels. Each report offers a science-based assessment of the adaptation gap - that is, the degree to which current levels of investment and planning on climate adaptation fall short of what is needed. The reports also provide a set of adaptation measures for policymakers and decision-makers. These insights will be most useful to enterprise risk, finance, and sustainability teams.

Climate Action Pathways

First launched in 2019 by the UN's Framework Convention on Climate Change, the Climate Action Pathways set out sectoral visions for achieving a 1.5° C resilient world in 2050. Pathways are a living document, and will provide you with an up-to-date road map of the interim actions and key impacts needed by 2021, 2025, 2030 and 2040 to achieve the 2050 vision.