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Catalyzing Corporate Climate Resilience: A New Leadership Imperative

As the world grapples with the intensifying threats of climate change, the role of businesses to drive transformation in our global economies and improve the well-being of communities has never been more critical. However, the lack of a clear pathway, common framework, and platform for peer exchange hinders the development of climate resilience across industry sectors. Addressing the challenge, the Center for Climate and Energy Solutions, Resilience Rising, and Resilience First, are spearheading a multi-year initiative to craft a comprehensive climate resilience framework for businesses that supports climate risk management and disclosure and collaborative approaches to building resilience to the physical impacts of climate change as a complement to efforts to reduce transition risks to a low-carbon future. This innovative program aspires to chart a course for meaningful corporate action, catalyzing investment in adaptation and resilience, and igniting systemic transformation for a robust global economy. Through this initiative, we have engaged with nearly 70 stakeholders at prominent events, private forums, and virtual discussions to develop the business case, highlight key barriers and drivers for action, and identify the strategic direction needed to catalyze investment and impact. These learnings are codified into a headline report—Climate Resilience Pathways: Catalyzing Private Sector Action—and a set of working Principles for Corporate Climate Resilience Leadership, reflecting a current view of the role of companies and defining a leading vision for catalyzing climate resilience through private sector action. The initiative and its deliverables have been endorsed by the UNFCCC Race to Resilience Campaign and is supported by AT&T, Marsh, Meta, and Resonance.