Climate change adaptation: an imperative for all businesses
- GERALD SEZILLE
- Jul 1
- 1 min read
Climate change is no longer a distant or abstract threat — it is a tangible economic reality already affecting every sector. The year 2023, the hottest on record, was marked by climate-related disasters that cost the global economy over $280 billion.

Faced with this reality, companies can no longer be satisfied with reducing their emissions alone — they must urgently adapt to preserve their resilience and ensure long-term viability.
Yet, budgets dedicated to climate change adaptation remain marginal. In 2022, only 5% of global climate finance was allocated to adaptation projects, with the vast majority directed toward emissions mitigation. Moreover, 98% of adaptation funding came from the public sector, while private sector contributions remained minimal.
Gotoimpact is today releasing a briefing note highlighting the urgent need for businesses to design and implement a climate adaptation plan. The document provides an overview of key risks and outlines sector-specific solutions.
But adaptation does not just mean absorbing costs: it can also generate opportunities for innovation and new markets. The need to adapt is stimulating the emergence of new offerings.
From agriculture to finance, including industry, construction, and logistics, the time to anticipate is now — to thrive tomorrow.
📄 Download the briefing note here: