This briefing paper, prepared by Trucost, provides an overview of the impact of climate change on businesses. It highlights the need for organizations to understand the changing environment and its effects on taxation, carbon trading, reporting requirements, management, adaptation policies, and governance. The paper includes five titles: adaptation, governance and management, investment, mitigation, and taxation. Trucost is a leading provider of services for investors and companies to measure and reduce the environmental impacts of their operations, supply chains, investments, products, and services.