As climate-related risks loom large over the global economy, no business remains untouched. The compounding impacts of climate change are reshaping the global business landscape and will continue to do so even with significant cuts in greenhouse gas emissions, demanding immediate and strategic action from the private sector.
With these challenges in mind, C2ES, Resilience First, and Resilience Rising, are embarking on a pioneering multi-year initiative to establish a robust business framework that enables companies to build climate resilience, disclose corporate actions, and track leadership and impact.
Building on two decades of industry experience in measuring greenhouse gas emissions and setting climate targets, the private sector has been able to compete, attract investment, and engage in policy discussions to drive decarbonization. Similar dynamics are required to elevate business action on climate resilience, ensuring a thriving society in an uncertain future. Currently, diverse approaches to measuring the physical risks of climate change and to building resilience result in measurement and reporting inconsistencies, a lack of transparency, and missed opportunities for collaboration and collective impact across sectors.
The business community requires a new way of responding to climate shocks in order to cement its role as a driver of enhanced resilience and global stability—one that is comprehensive, inclusive, aligned, and sustainable over time. By enabling transformations that substantially scale-up investment in climate resilience, our initiatives will lead to more resilient businesses, improve the adaptive capacity of the communities where businesses operate, and position businesses as advocates for policies that simultaneously strengthen private sector resilience while accelerating deep decarbonization efforts.
Read the launch press release.
As the backbone of the global economy, businesses play a pivotal role in driving forward resilience and mitigating the dire impacts of climate change. Together, C2ES, Resilience Rising, and Resilience First have published a new report and crafted a set of guiding principles aimed at inspiring decisive, private sector action.
Read the reportThe President’s Emergency Plan for Adaptation and Resilience (PREPARE), an initiative of USAID, aims to build resilience to the impacts of the climate crisis in developing countries. C2ES is answering the PREPARE call to action by expanding the global ecosystem of business leaders working to advance climate adaptation and resilience as a core corporate priority.
Learn MoreLearn more about the five principles for corporate climate resilience leadership.
As part of the Catalyzing Corporate Resilience Pathways Initiative, the Corporate Climate Innovation Stories aim to demonstrate how companies around the world are pursuing climate resilience. Each story exemplifies the Principles for Corporate Climate Resilience Leadership, published in consultation with more than 70 corporate leaders and experts. Together, these stories capture the variety of ways companies can demonstrate leadership and encourage practices that benefit both the private sector and society.
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