What we’ve learnt from our just adaptation engagements
Carlota Garcia-Manas, Head of Climate Transition and ESG Engagement and Charles Stott, Responsible Investment Analyst at Royal London Asset Management explore how climate adaptation can be designed to deliver fair outcomes for people and the planet - sharing insights from a year of engagement across sectors
Climate change is no longer a distant threat; it’s a daily reality for communities and companies alike. But not all adaptation strategies are created equal. That’s why Royal London Asset Management launched its just adaptation engagement programme last year: to ensure that corporate responses to physical and social dimensions of climate risk are not only effective, but fair.
Just adaptation asks companies to consider:
- Who is most exposed to climate impacts?
- Who benefits from adaptation measures?
- Who bears the cost?
If done correctly, just adaptation builds trust with customers, investors and communities, it reduces risk and it strengthens resilience. Done poorly, it can increase the risk of serious financial consequences, deepen inequality and damage reputations.
A year into our programme, we are reflecting on what we’ve learned from engaging with companies, NGOs, academics and policymakers on this issue.
