Businesses across the Indo-Pacific experience climate change through more frequent extreme weather events and highly unpredictable weather patterns. Their markets are adapting to climate change as countries, businesses and consumers look to diversify their economies, strengthen supply chains and adjust consumption patterns to reduce greenhouse gas emissions.

Firms see climate change as an opportunity as well as a risk. Investing in measures that reduce vulnerability to climate change is now core business. Firms can protect themselves against losses and increase their profits by adapting to changing circumstances. The ability to quantify and reduce emissions is becoming increasingly important in many industries, determining access to certain markets.