This report analyses responses from companies to CDP’s questionnaire in 2018 and focuses on what companies are reporting about the risks and opportunities they may face from climate change and its potential financial implications.

City governments sit at a critical climate change nexus. They are responsible for large amounts of greenhouse gas (GHG). Their populations and infrastructure are immensely vulnerable to the damaging effects of warming temperatures, sea level rise, and increased occurrences of catastrophic storm events. And they are often well-positioned to act quickly and convincingly due to...