This report aims to be useful for Australian organisations, policy makers, regulators and to researchers in adaptation science. The authors assert that despite action by many transnationals and international firms, it seems evident that most Australian companies appear to be struggling to move forward in responding to climate change impacts, apparently paralysed by short-term profit-first thinking, uncertain political risks and a corporate culture unused to volatility and disruption.
This project has identified that considerable research gaps exist, but has also provided direction for organisations and researchers. Individual corporations and private sector peak bodies urgently need to explore the risks and opportunities that climate change and associated responses bring, particularly in the Information Communication Technology, aviation, energy, insurance and finance sectors.
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