Climate change creates both risks and opportunities for the private sector, particularly in emerging markets, and may affect companies’ financial, economic, environmental and social performance, especially when they rely on long-lived fixed assets or have complex supply chains. Recognizing the gaps in knowledge of how climate change will affect the private sector, IFC has undertaken a series of studies with clients in developing countries. These studies aim to better understand gaps and barriers to climate risk analysis, test and develop risk evaluation methodologies, and identify possible adaptation responses and needs. The first three pilot studies are featured in Climate Risk and Business.

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