Managing Climate Change: Strategies for Corporate Risk Management

Abstract

Objectives: To examine how corporations across various business sectors are evolving their approaches to managing climate change risks. To identify effective strategies for handling physical climate risks, transition planning, and regulatory demands.   Methods: Reviewing existing frameworks, industry case studies, and expert practices. Analyzing strategies used in corporate climate risk management across different sectors.   Results: Identification of vital strategies involving: Physical risk management, Transition planning, Regulatory compliance, Discovery of new business opportunities, Highlighting the importance of integrating climate risk management into enterprise risk systems. Emphasizing the role of cross-sector governance, scenario analysis, and innovative financing methods.   Conclusion: Effective climate risk management requires a holistic approach that aligns with core business systems and governance frameworks. The research contributes to the body of knowledge on corporate climate adaptation and offers practical guidance for risk management professionals.