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Climate Risk and Business - Practical Methods for Assessing Risk


The main objective of the climate risk assessment studies undertaken by IFC was to test and begin to develop methods for evaluating climate risks to the private sector and to identify appropriate adaptation responses. This included analyzing barriers and gaps preventing evaluation of risks and adaptation options, and understanding the roles of different stakeholders (private and public) in addressing those constraints.

 

The studies also aimed to provide information that reduces uncertainty about present-day and future climate related risks to the pilot study clients. In this context, the pilot studies should be viewed as an initial step towards elaboration of general tools for climate risk assessment and evaluation of adaptation options, for use in the private sector.

 

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