Brookings

The Brookings Institution, a prominent non-profit public policy organization based in Washington, D.C., has developed an innovative framework to assist businesses in managing climate risks. This approach, part of the Brookings Initiative on Climate Research and Action (BICRA), guides businesses through identifying climate-related risks, assessing their impact on strategic goals, integrating these assessments into decision-making, and implementing appropriate risk mitigation strategies. The framework is grounded in theoretical principles and includes practical examples from various industries, demonstrating its applicability in real-world scenarios. This initiative represents Brookings' commitment to fostering climate-resilient growth and policy solutions on a global scale.