Assessing Physical Risks from Climate Change: Do Companies and Financial Organizations Have Sufficient Guidance?

This research paper evaluates whether publicly available guidance from corporate disclosure initiatives provides companies and financial organizations with consistent terminology and robust methodologies for assessing climate-related physical risks in alignment with climate science.

• The analysis indicates that current guidance from leading corporate disclosure initiatives lacks a robust, shared approach to identifying and assessing physical climate risks, which may lead to financial losses, reduced resilience, and unmanaged risks.
• Guidance across various initiatives uses inconsistent terminology that seldom aligns with the standards set by the IPCC, and certain hazards identified by the IPCC are either missing or given minimal attention.
• There is a lack of comprehensive metrics for quantifying physical climate risk factors across all hazards, although water stress and flooding hazards possess the most extensive data sources and metrics.

APA

World Resources Institute (n.d.). Assessing Physical Risks from Climate Change: Do Companies and Financial Organizations Have Sufficient Guidance? https://www.wri.org/research/assessing-physical-risks-climate-change-do-companies-and-financial-organizations-have-0

Chicago

World Resources Institute. Assessing Physical Risks from Climate Change: Do Companies and Financial Organizations Have Sufficient Guidance? n.d. https://www.wri.org/research/assessing-physical-risks-climate-change-do-companies-and-financial-organizations-have-0.

Wikipedia

{{cite report |author=World Resources Institute |title=Assessing Physical Risks from Climate Change: Do Companies and Financial Organizations Have Sufficient Guidance? |url=https://www.wri.org/research/assessing-physical-risks-climate-change-do-companies-and-financial-organizations-have-0 |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{worldresourcesinstitutendassessing, author = {{World Resources Institute}}, title = {{Assessing Physical Risks from Climate Change: Do Companies and Financial Organizations Have Sufficient Guidance?}}, institution = {World Resources Institute}, url = {https://www.wri.org/research/assessing-physical-risks-climate-change-do-companies-and-financial-organizations-have-0}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }