Publications
Publications
- March 2024 (Revised March 2025)
- HBS Case Collection
Physical Climate Risk
By: Michael W. Toffel, Spencer Glendon and Alison Smart
Abstract
This note describes how managers can identify and manage their company’s physical climate risks, which can increase their operations and supply chain costs and risks, and affect demand for their goods and services. Can be paired with the video “Preparing business leaders for an era of climate instability: Understanding and managing physical climate risk” (HBS Tutorial 625-709).
Keywords
Resilience; Maps; Climate Risk; Climate Impact; Modeling And Analysis; Climate Change; Risk Management; Demand and Consumers; Supply Chain; Organizational Change and Adaptation; Disruption
Citation
Toffel, Michael W., Spencer Glendon, and Alison Smart. "Physical Climate Risk." Harvard Business School Background Note 624-059, March 2024. (Revised March 2025.) (Click here for related material.)