We know that climate change and its impacts pose a series of risks to all private sector companies, including IFC clients, yet the question still remains - how to approach and mitigate those risks?
This is a question that has largely gone unaddressed due to the lack of baseline information, methodology and tools for making strategic decisions. Methodologies do exist for assessing some of the risks, but not with data and tools tailored to the needs of private sector investors and government decision makers, especially those in developing countries.
To help its clients understand and respond to the risks of climate change, IFC is developing best practices in assessing private sector risk and adaptation strategies.
In 2008, IFC initiated the Climate Risk Program, a series of pilot studies that analyzes climate risks and adaptation options for projects taken from different sectors and regions. The studies’ focus are private sector projects but with a significant emphasis on the cooperation and synergies with the public sector, research institutions and civil society. An overview of the findings from the first three studies were published in Climate Risk and Business.
Full studies can be found following the links below.