Webinar
What 13,500 Firms' Filings Reveal About Who's Actually Adapting
Free
Plenty of companies say they're managing climate risk. Far fewer are doing anything about it — and the market can tell the difference. Tobias Schimanski built the first large-scale, firm-level measure of climate adaptation, using fine-tuned language models to read every 10-K filing from 13,500+ US public companies between 2003 and 2025. The result is the clearest picture yet of how companies prepare for physical climate risk, and how investors interpret this preparation. Join us as we walk through the findings and what they mean for anyone investing in, operating within, or building for the Adaptation Economy.
What you'll take away:
Current trends in adaptation disclosure. What climate-proofing measures are being taken, which sectors are leading and lagging, and what companies are well-positioned to provide adaptation solutions to others.
Why physical protection is the adaptation that gets priced. What the data says on the equity returns of companies that disclose hardening actions.
The financial-constraints blind spot. Why cash-strapped firms under-adapt and fail to harden their operations even after disaster strikes.
We'll close with an open Q&A.
About the speaker: Tobias Schimanski is a doctoral researcher at the University of Zürich and ETH Zurich, working at the intersection of climate risk, corporate disclosure, and machine learning.
