If climate change is to be limited, efforts need to be made at a global level. However, when it comes to adapting to the consequences of a changing climate, individual risk management strategies can be effective. Indeed, companies could already be taking early steps to make the necessary adjustments. Unfortunately, many firms have not yet taken the potential consequences of global warming on board or regard them as too remote to include in their corporate planning. The largest German companies are becoming increasingly aware of the risks and opportunities presented by changes in climate. Small and medium-sized enterprises, on the other hand, still have ground to make up in this respect.