"Preserving Organisational Value through Climate Change Adaptation"he recent growth in the probability and expected costs associated with the risk of climate change emphasises the importance of developing and deploying new technology, and redesigning infrastructure and other assets, that will enable companies to respond to such change without excessive reductions in profitability. The nature and extent of adaptation in each situation will depend on the costs involved compared with the benefits of adopting different adaptation strategies to achieve a target level of resilience. Companies that choose to adapt and do so effectively will benefit from an improvement in their net risk-return profile while those that do not adapt choose not to because the value of the expected reduction in risk is not expected to offset the effect of the reduction in returns.The benefits of adaptation are more likely to appear, not in the form of higher returns, but in a significant reduction in earnings volatility. Ultimately this will generate higher risk-adjusted returns for adaptive organisations. This presentation will discuss how this is possible using a range of case studies from global industries.