As the frequency and severity of climate-related events escalate, there is a growing consensus that mitigation alone is insufficient. Adaptation must play a central role in securing resilience. To support this shift, the new ICC-commissioned Oxera report assesses how the private sector’s role in climate adaptation can be strengthened and scaled. The report is intended to inform ICC’s advocacy as the official UNFCCC Focal Point for Business and Industry in the lead-up to COP30 in Belém.