ABSTRACT
Companies that use the Carbon Disclosure Project and Global Reporting Initiative initiatives to report their climate change activities miss an important reporting element related to the nature of their adaptation activities. But the extent of a firm's climate change adaptation activities is yet to be the subject of an equivalent form of reporting provisions. However obtained, the indicators that emerge from a vulnerability assessment can be used to evaluate adaptive strategies and measures, as well as act as the baseline for monitoring development status. Investors are typically at the mercy of a company's disclosure policy when they are seeking managerial and technical information about certain activities. The volatility of weather events and most companies' frequently limited disclosure on the specific locations and exposures of their assets has historically precluded the reporting of exposure to climate change. Companies will increasingly need to provide transparency into their approaches to strategic adaptation to the changing pressures climate change will exert on their industry.
