Taking Stock of Business Efforts to Adapt to Climate ChangeW H I T E P A P E RD E C E M B E R 2 0 2 3With the Stockholm Environment Institute and in collaboration with PwCImages: Getty Images© 2023 World Economic Forum. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, including photocopying and recording, or by any information storage and retrieval system.Disclaimer This document is published by the World Economic Forum as a contribution to a project, insight area or interaction. The findings, interpretations and conclusions expressed herein are a result of a collaborative process facilitated and endorsed by the World Economic Forum but whose results do not necessarily represent the views of the World Economic Forum, nor the entirety of its Members, Partners or other stakeholders.ContentsForeword 3Executive summary 41 Businesses and climate change adaptation 61.1 The impact of extreme weather and climate variability on 6 economic losses1.2 How governments perceive the role of businesses in adaptation 71.3 A business framework for climate adaptation 71.4 Why a business stocktake on adaptation is important 82 Current efforts by businesses on adaptation 92.1 Pillar 1: Enhance resilience 102.2 Pillar 2: Capitalize on opportunities 102.3 Pillar 3: Shape collaborative outcomes 112.4 Enabling measures to support core actions 112.5 Summary of business progress on adaptation 123 Understanding the drivers and barriers to business action 133.1 Drivers for business action on resilience 133.2 Barriers to business action on resilience 133.3 Analysis of drivers of and barriers to action 164 Meeting the moment: how the public sector can catalyse business...
