The report shows how businesses can work with governments, international organizations and communities to adapt to the acute climate hazards facing the world today. Climate adaptation was a major focus at the COP27 Climate Conference in Egypt, especially in light of the devastating floods in Pakistan. Businesses have so far played a small role in global efforts on adaptation, with only 3% of funding coming from private sources. Climate risks could equate to about 10% of annual sales for some companies but there are opportunities for growth, new markets and risk management by investing in securing livelihoods and helping communities to adapt.