Publications
Publications
- March 2024
- HBS Case Collection
Physical Climate Risk
By: Michael W. Toffel, Spencer Glendon and Alison Smart
Abstract
This note describes how managers can identify their company’s physical climate risks, which can heighten the risk of business disruption, change the costs of operations and supply chains, and affect the demand for their goods and services. The note also provides a five-step process to help managers identify how the changing climate can create business risks and vulnerabilities—not only to their own operations, but also to their suppliers, customers, and other companies in which they have invested—in order to inform decision-making.
Keywords
Citation
Toffel, Michael W., Spencer Glendon, and Alison Smart. "Physical Climate Risk." Harvard Business School Background Note 624-059, March 2024.