Abstract
Companies are increasingly concerned with current and future climate change risks that have
the potential to generate a substantial change in their business operations, revenue and/or
expenditure. Therefore, the paper focusses on the companies’ perspective and aims to create a
higher awareness of companies’ risk drivers when it comes to specific challenges of different
sectors as well as each company within its sector.
Based on companies’ responses to the CDP’s climate change information request 2013,
including 125 companies from Germany, Austria and Switzerland, the paper presents a
detailed companies´ perspective on climate-related risk-drivers, comprising i) changes in
regulation, ii) changes in physical climate parameters and iii) changes in other climate-related
developments. Hence, the paper provides insights into climate change and adaptation related
risks for companies. Furthermore, the results also facilitate a comparison of risk drivers
between and within sectors. This also enables companies to i) position themselves regarding
the potential threat they might be facing now and in the future, ii) assess their competitive
advantages and disadvantages as well as prioritize risk drivers they have to deal with by
evaluating their own position within the sector-specific analysis. Regarding specific threats
companies are facing, they furthermore have the possibility to take good practices and
innovative ideas from companies out of different sectors into consideration, aiming for an
efficient and effective adaptation to climate change. Thus, the study’s findings can also serve
as an innovative starting point for further research as well as the practical implementation of
adaptation measures.
