The purpose of this paper is to provide companies and financial organizations with a common understanding of climate-related physical risks according to climate science, to identify gaps in the publicly available guidance to assess those risks, and to propose potential resources that would facilitate better risk assessment and, in turn, risk man

Climate-related risks pose inevitable threats to investors and the assets in which they invest. Institutional investors have become increasingly concerned about-climate-related risks, but physical risks, which represent the direct physical impacts from climate change, are not well understood.

Climate-related disasters are increasing in frequency and severity and both economic and human losses are climbing. Unfortunately, developing countries, which are the least equipped to deal with disasters, are often impacted the most. Over the past two decades, new financial tools have emerged to help developing countries cope with disaster.