Where adaptation is considered by companies, it is typically triggered either by the experience of extreme weather events that led to business disruptions  or is included into corporate risk management in response to regulatory, shareholder or customer pressure . For instance, following the implementation of the recommendations of the Task Force on Climate-Related Financial Disclosure by the European Commission in 2019, 50 publicly listed companies revealed their exposure to their physical climate risks in 2020 . But even if companies experience extreme weather events or stakeholder pressure, they may not adapt because they underestimate their vulnerability . For example, key barriers to adaptation among Greek firms include both external  and internal factors (e.g.,
IPCC
Climate Change 2022: Impacts, Adaptation and Vulnerability
IPCC Report