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Climate Resilience Pathways: Catalyzing Private Sector Action

Climate Resilience Pathways: Catalyzing Private Sector Action

Full Title: Climate Resilience Pathways: Catalyzing Private Sector Action
Author(s): Shazre Quamber-Hill, Kerem Yilmaz, Amy Bailey, and Verena Radulovic
Publisher(s): Center for Climate and Energy Solutions
Publication Date: March 9, 2024
Full Text: Download Resource
Description (excerpt):

Businesses’ ability to adapt to climate change is a strategic imperative. Yet, despite the growing need to manage and respond to climate risks, a staggering 80% of companies lack a comprehensive plan for climate adaptation. This gap is a call to action— businesses must mobilize their considerable influence, resources, and partnerships to forge a resilient future.

The drive for decarbonization has demonstrated the private sector’s power to coalesce around best practices, attract investment, and shape policy. There is an urgent need for similar dynamism to accelerate climate resilience. The lack of a unifying language and framework for corporate climate action is a missed opportunity— without a collective approach, the true potential of the private sector is left untapped, the economy’s resilience is vulnerable, and vital resources are underutilized.

To address this time-critical gap between opportunity and risk, Resilience Rising and its consortium partner Resilience First, in partnership with C2ES, jointly engaged with senior leaders from over 45 organizations in a series of virtual and in-person meetings over the course of 2023. This report details the key findings from our consultations– the case for private sector action, the drivers of and barriers to accelerating investment, and a first look at the pioneering principles to guide corporate leadership for on resilience.

All statements and/or propositions in discussion prompts are meant exclusively to stimulate discussion and do not represent the views of, its Partners, Topic Directors or Experts, nor of any individual or organization. Comments by and opinions of Expert participants are their own.

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