Understand climate risk
Action Guide
Understanding and addressing climate risk
Climate change poses significant risks to businesses, especially SMEs that may have fewer resources to adapt and respond. Understanding these risks is crucial for developing strategies to mitigate them and ensure long-term sustainability. Understanding climate risk is not just about protecting your business from potential harm but also about identifying new opportunities in a transitioning world. By proactively managing these risks, you can ensure the long-term resilience of your business.
This guide will help you identify, assess, and manage climate risks, focusing on both physical risks (such as extreme weather events) and transition risks (such as regulatory changes and market shifts).
Our Action Guides focus on simplicity and speed, and are appropriate for all SMEs.
Time to complete: 10 minutes
Co-written with Probable Futures
External resource
Probable Futures climate risk maps
Probable Futures allows users to track, monitor and understand climate risks of their business. Using this tool can help companies prepare and mitigate against these climate risks.
This resource is particularly helpful for SMEs that want to report on their climate progress but need to better understand risk.
Provided by Probable Futures
Suggested action areas
Not sure how to start?
See the steps you can take and get help building a plan to cut your business emissions today.
¿No estás seguro de por dónde empezar?
Revisa los pasos que puedes dar y obtén ayuda para elaborar un plan para reducir las emisiones de tu empresa hoy mismo.
Ready to commit to lower emissions?
It’s easy to make the commitment. Just complete a form sharing your intent to reduce your emissions.
You’ll earn public recognition for taking the first step.
¿Listo para comprometerte a reducir tus emisiones?
Es fácil comprometerse. Solo tienes que completar un formulario compartiendo tu intención de reducir tus emisiones.
Ganarás reconocimiento público por tomar este primer paso.
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Register now to use our tools
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Don't have an account? Create account to access our tools or make the SME Climate Commitment
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