This paper is the result of discussions and collaboration between the UK Department for International Development (DFID), Barclays, HSBC and Forum for the Future.

This work builds on an earlier report written by Barclays and Acclimatise entitled ‘Credit risk impacts of a changing climate’, as part of the London Accord project. The report focused on five diverse sectors known to be vulnerable to
climate change: long-lived, fixed assets; chemicals and pharmaceuticals; fossil fuel and renewable power generation, supply and distribution and tourism. This paper draws on that sectoral analysis and its recommendations.

Climate change risks and opportunities will also affect a number of other sectors of significant economic importance in developing countries, which equally deserve further analysis, including: mining and minerals; transport; agribusiness and forestry; and primary processing of agricultural and forestry products. These additional sectors could be included in a second phase of work.

This paper is an output from an informal Financial
Sector Task Force on Climate Change Adaptation
which has been established by DFID together with
representatives of the financial services sector. The
objective of the Task Force is to encourage debate
around the potential roles of the private sector
in helping to address the physical risks of climate
change in developing countries.

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