There’s good news and bad news on the state of corporate adaptation planning. Today’s guest — Climate Proof veteran Dr Paul Munday from S&P Global Ratings — joins the pod to tell all.

First, the good news. It looks like many more public companies are disclosing adaptation plans than two years ago — 40% up from 21%, based on a sample of more than 7,500 assessed by S&P. Large, investment-grade corporates in Europe have made even more progress, with 84% disclosing climate-proofing plans.

But, but, but….the substance of many of these strategies is still lacking. Significantly, not a single one of the large European companies analyzed by S&P “demonstrate the most advanced components of adaptation planning”. In addition, only 11 out of 70 have actually implemented their plans.

Paul digs into the latest findings and shares his candid opinions on why corporates seem to be saying more about climate risk while dragging their feet on doing something about it. He also touches on why climate physical risks rarely show up in credit ratings, and what market participants should keep in mind when evaluating companies’ climate-readiness.

For those who want an up-to-the-minute take on corporate adaptation efforts, this is the episode for you.

💡 Read S&P Global’s Mercury Rising report HERE

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Questions? Comments? Email Louie at louie@climateproof.news