Add climate adaptation to the board charter, name an accountable director and add it to the standing agenda.

Name one executive sponsor for adaptation measures, with a clear mandate and a reporting line to the board. Day-to-day responsibility can stay in the functions.

Agree three to five adaptation targets for the next 12 months, each with an owner and a date.

Give the chief risk officer (CRO) explicit authority over physical-risk underwriting appetite, reinsurance strategy and catastrophe-model governance.

Write physical-climate adaptation into the credit risk committee mandate, with quarterly reporting on exposed segments.

Publish a clear stewardship position on climate adaptation, with voting and engagement priorities for investee companies.

Write adaptation objectives into the strategic plan with named projects, capex lines and measurable milestones.

Add a planning line for adaptation measures to the next capex and opex cycle, derived from the identified climate risks.

Name the responsible people in operations, procurement, finance, risk and HR and bring them together in a fixed quarterly format.

Report to the board at least once a year on climate risk and on progress of the adaptation measures.

Set underwriting guidelines, peril loads and portfolio limits explicitly reflecting physical-climate adaptation requirements.

Embed physical-climate adaptation considerations in credit policy, risk appetite statement and sector playbooks.

Integrate adaptation criteria into investment policy, mandate design and manager selection frameworks.

Include adaptation milestones in long-term incentive plans for the executive team.

State adaptation as a board-level strategic priority with multi-year capex and external commitment.

Move governance disclosure from compliance to a capital-markets narrative, aligned with IFRS S2 and, in the EU, ESRS E1.

Make the underwriting-adaptation stance public and investor-grade; differentiate on resilience in chosen markets.

Announce an adaptation-finance strategy with product targets, portfolio share commitments and public progress reporting.

Convene or co-lead a stewardship coalition on adaptation across asset owners and managers, with shared expectations of investees.

Screen all sites and key exposures against the climate hazards relevant to their locations, using public datasets.

Prioritise the assets, products or revenue streams most exposed to acute and chronic risk.

Add physical climate risk to the corporate risk register, with an owner and a first rating.

Complement past loss records with public climate projections and early-warning services for your main locations.

Audit catastrophe-model coverage across geographies and perils; identify gaps for emerging risks (wildfire, heat, flood).

Overlay the corporate and real-estate loan book against hazard data; flag material geographies and sectors.

Screen listed and private holdings against hazard data; identify concentration on exposed locations and sectors.

Adopt the ISO 14091/14092 frame and embed adaptation risks alongside other enterprise risks.

Run 1.5, 2 and 3+ degree scenario analyses across your top exposures and timeframes.

Translate physical risk into financial value-at-risk, anchored in IFRS S2 expectations.

Bring physical-risk metrics into business unit reviews: every business unit reports on its main climate hazards, mitigations and residual risk.

Embed forward-looking climate loads into technical pricing, with governance around peril parameters and scenarios.

Integrate location-based physical-risk signals into borrower probability of default and loss given default (PD/LGD), covenants and pricing.

Produce portfolio-level climate value-at-risk (VaR) across scenarios; report to investment committee (IC) and asset-owner clients at least annually.

Use scenarios in the 5-year plan, capital allocation and product / pricing decisions.

Publish quantified impact in line with IFRS S2 and, in the EU, ESRS E1.

Base siting, investment and insurance decisions on forward-looking information, refreshed whenever new projections appear.

Build a programme to recalibrate catastrophe models for non-stationary climate, with external review and disclosure.

Integrate portfolio climate-stress outcomes into internal capital adequacy assessment process (ICAAP) and capital allocation, beyond regulatory exercises.

Roll out consistent climate-risk analytics across asset classes and mandates; use in investment committee (IC) decisions and client reporting.

Rank assets by climate hazard exposure and by revenue and safety criticality; set a triage list.

Develop and test business-continuity plans for the most likely high-impact disruptions.

Overlay all owned and leased sites with climate hazard maps; start with the sites that carry the most revenue or sit on the critical path.

Commission on-the-ground adaptation audits of top-exposed sites; cost-rank mitigation options.

Introduce resilience questions (roof, flood defences, business-continuity plan (BCP)) into property underwriting forms and pricing.

Add physical-resilience diligence to real-estate and project-finance origination for exposed locations.

Embed physical-climate and adaptation diligence in real-asset, infrastructure and real-estate transactions.

Cross-train staff, dual-source critical inputs, mobilise temporary capacity for disruption windows.

Make long-term climate projections a required input for every major siting, design and investment decision.

Flood walls, raised plant, redundant cooling and backup power at top-exposed sites.

Permeable surfaces, vegetation, urban canopy and sustainable drainage systems (SuDS) to reduce flood, heat and drought risk.

Condition coverage on adaptation measures (flood defences, wildfire defensible space, business-continuity plans (BCPs)); reflect in pricing.

Scale pre-loss engineering and risk-mitigation advisory across the commercial book; embed in renewal process.

Require borrower resilience measures (design thresholds, business-continuity plans (BCPs)) as conditions precedent for exposed projects.

Offer pricing concessions to borrowers that evidence adaptation investment in exposed assets.

Write adaptation capex (physical reinforcement, redundancy) into real-asset business plans; track as a value-creation lever.

Deploy nature-based solutions (green roofs, wetlands, urban canopy) across real-asset portfolios.

Multi-year capex roadmap mixing green and grey investment, anchored in scenario analysis.

Move from pilots to portfolio-wide green infrastructure with measured co-benefits.

Set design standards for new assets that keep later adaptation possible: space, load reserves, modular upgrades.

Offer premium discounts or enhanced coverage for validated resilience measures; publish the programme outcomes.

Launch a dedicated adaptation-finance product line (green / resilience-linked / transition) with public targets.

Systematic multi-year resilience capex across the real-asset portfolio, with tracked risk-reduction outcomes.

Codify thresholds, work-rest cycles, hydration and shelter for outdoor and indoor work.

Multi-channel alerting for staff and visitors, with rehearsed escalation procedures.

Assess thermal-stress exposure across operations; deploy controls for outdoor and indoor hot environments.

Review health and life products for heat-related morbidity; adjust pricing, coverage and prevention services.

Review climate-related safety in the branch and office network; invest in cooling, shelter and emergency procedures.

Raise workforce climate-safety (heat, storms) as a standing engagement topic with investee companies.

Structured engagement and impact assessment for high-exposure sites and host communities.

Reskilling and support for workers in operations affected by adaptation-driven change.

Run regular drills and training on each site's climate hazard protocols and record participation.

Record heat days, lost hours and heat-related incidents per site and review them with health and safety and operations.

Develop products addressing climate-sensitive health risks (heat, vector-borne disease, air quality) for clients and employers.

Design lending products for community resilience (SMEs, housing, local infrastructure) in exposed regions.

Set clear stewardship expectations on workforce climate resilience; vote against poor performers.

Adaptation literacy and technical skills across the workforce; partner with local institutions.

Co-invest with local authorities in community-resilience infrastructure around critical sites; publish outcomes.

Use productivity and health data in shift planning, site investment and workforce planning.

Launch parametric products for climate-related health events (heatwaves, extreme weather), with prevention bundled in.

Build an adaptation-finance offer for SMEs, smallholders and low-income segments in exposed regions.

Publish year-on-year stewardship outcomes on workforce and community resilience across investees.

Overlay tier-1 suppliers / counterparties against climate hazard data to identify hot spots.

List critical components, ingredients and services with no qualified backup.

List your material customers and markets and check their locations against climate hazard data.

Map reinsurance counterparties against peril concentrations; identify aggregation and correlation risk.

Integrate the borrower's value-chain climate resilience into credit assessments, particularly in sectors with high supply chain concentration.

Make tier-2 climate disclosure and supplier-resilience a top-3 engagement priority for exposed sectors.

Qualify alternates, build buffer stock and dual-source the most exposed inputs or counterparties.

Embed adaptation expectations and reporting in supplier / counterparty terms; pilot with strategic relationships.

Build supplier adaptation capability: training, shared risk tools, pre-qualification criteria.

Apply concentration limits in retrocession and fronting arrangements for correlated climate perils.

Require borrower value-chain resilience disclosures and action plans as covenants for material loans.

Engage investee companies on tier-2 supplier mapping and adaptation disclosure, with escalation pathways.

Joint investment, financing and capability building for strategic suppliers or counterparties in exposed regions.

Go one layer deeper: map the critical tier-2 dependencies behind your critical suppliers in exposed geographies.

Fund adaptation capex at strategic suppliers through dedicated vehicles; lock in long-term supply.

Embed adaptation requirements and support into key customer relationships and tenders.

Active diversification programme for reinsurance counterparties across climate-sensitive perils and regions.

Offer adaptation finance across client value chains (anchor + suppliers + distributors).

Drive portfolio-wide value-chain adaptation transparency through coordinated engagement and benchmarks.

Move from activity tracking to outcome KPIs at programme and dimension level.

Implement watch indicators for your main climate hazards, integrated with enterprise risk management (ERM) dashboards.

Hold a short structured debrief after each climate incident and record what changes as a result.

Start attributing catastrophe losses to climate signals; build a peril-level attribution framework.

Track portfolio-quality impact after climate events (NPL migration, restructurings) in exposed segments.

Track investee adaptation maturity (this standard or equivalent) across the portfolio year on year.

Structured after-action reviews after every material disruption, feeding programme updates.

Re-run this assessment yearly; track movement on the radar over time.

Executive dashboard tracking adaptation KPIs by business unit, with thresholds, trends and owner sign-off.

Connect weather and climate hazard alert services to site management at all high-risk sites.

Decompose loss experience by peril, geography and climate signal; feed into pricing and capital models.

Attribute credit-loss experience to climate events and physical-risk drivers for management reporting.

Benchmark portfolio-level adaptation maturity against peers and public commitments.

Move adaptation reporting under external assurance; align with IFRS S2 disclosure expectations.

Participate in cross-industry benchmarks and publish year-on-year progress.

Feed monitoring data into shutdown, rerouting and staffing decisions and into planning.

Invest in predictive, forward-looking climate-loss analytics; share methodology with regulators and markets.

Real-time monitoring of climate-driven credit migration across the portfolio with early-warning triggers.

Publish an annual portfolio resilience report: maturity, stewardship outcomes, scenario impact.

Workshop and document where adaptation needs intersect with your capabilities, clients or markets.

Segment clients by climate exposure; design conversations for the most exposed.

Audit product and service portfolio for those that become more valuable under a warmer, more volatile climate.

Assign someone to follow adaptation-related regulation, standards and customer requirements and brief management twice a year.

Scan for parametric, index-based and resilience-linked product opportunities across lines of business.

Scope the adaptation-finance pipeline (green, sustainability-linked, resilience-linked) across sectors.

Build a screen for adaptation-themed listed and private-market opportunities (water, cooling, resilient agri).

Launch pilots in adaptation-relevant products or services; measure unit economics fast.

Allocate a defined share of research and development (R&D) or innovation spend to adaptation-led innovation with stage gates.

Pick the two or three regulatory and market shifts most relevant to your core business and give each a plan and a budget.

Pilot parametric products (heat, flood, drought, hurricane) for commercial or retail segments.

Pilot resilience-linked loans with KPIs tied to client adaptation investment and outcomes.

Launch a pilot adaptation-themed fund or sleeve; track performance, flows and client demand.

Shift capital from stranded exposures into climate-resilient growth markets.

Build market-facing leadership: reporting, partnerships and thought leadership on adaptation.

Commit a share of core revenue to adaptation-relevant products and services; report it year on year.

Take part in standard-setting and industry initiatives so that new adaptation demand meets your offer first.

Build a material, disclosed portfolio of parametric and resilience products; position in the market.

Scale adaptation finance to a material share of the balance sheet; publish targets and track delivery.

Launch a flagship adaptation-themed fund or mandate with clear KPIs, impact reporting and client backing.