The IFC report aims to better understand gaps and barriers to climate risk analysis, test and develop risk evaluation methodologies, and identify possible adaptation responses and needs of the private sector.
November 2010: The International Finance Corporation (IFC) published a report titled “Climate Risk and Business: Practical Methods for Assessing Risk,” which aims to better understand gaps and barriers to climate risk analysis, test and develop risk evaluation methodologies, and identify possible adaptation responses and needs of the private sector.
Climate risks may affect companies’ financial, economic, environmental and social performance, especially when they rely on long-lived fixed assets or have complex supply chains. IFC has undertaken a series of studies with clients in developing countries on climate risks and opportunities for the private sector, particularly in emerging markets. The first three pilot studies featured in this report include Khimti 1 hydropower facility in Nepal, Packages Bulleh Shah paper mills in Pakistan, and Ghana Oil Palm Development Company (GOPDC). [The Study]