1、Business Leaders Guideto Climate Adaptation and Resilience2 BUSINESS LEADERS GUIDE TO CLIMATE ADAPTATION AND RESILIENCEForewordAdaptation is not a new concept for the business community.Businesses are experts at adapting,constantly innovating in response to changes in the market,new technologies,and

2、 regulations.So why,then,do only 1 in 5 businesses have a plan in place to tackle climate adaptation?1 Globally,2023 was the hottest year on record,with annual global temperatures reaching 1.45C above pre-industrial levels.2 Physical risks from climate change are rapidly escalating and the cost of i

3、naction is enormous,with 224 major businesses reporting to CDP potential financial impact of physical risks of USD$116 billion3.Now is the moment for visionary business leaders to act fast to reduce risk and benefit from an early-mover advantage.Mitigation efforts must persist,while swift action on

4、adaptation is imperative to safeguard the resilience of workforces,supply chains,and the communities and natural ecosystems upon which businesses depend.This Business Leaders Guide to Climate Adaptation and Resilience has been developed by WBCSD together with leaders from the business community and

5、experts from Bain&Company and Jupiter Intelligence,to catalyze action.Three key themes recur across the guide:Companies must develop a coordinated strategy across the whole business:Effective climate adaptation will require a closely-coordinated transformation across all core business functions to i

6、ntegrate climate adaptation considerations and build resilience.Business must undergo a mindset shift,moving from reactive to proactive physical risk management,and participate in a realignment of business and financial incentives for shareholders to prioritize long-term resilience in their investme