Objectives On completion of this tutorial, you will be able to:

• Identify the different types of physical climate risk
• Describe how the physical impacts of climate-related risks affect the economy and wider society
• Outline how physical climate risks can be managed

Tutorial Overview There are two types of physical climate risk: acute and chronic. Acute physical risks are associated with sudden, extreme events and typically occur over a relatively short timeframe with immediate and severe consequences. Chronic physical risks are the result of longer-term, gradual shifts in climate patterns. This tutorial provides a high-level overview of both types of risk and how businesses can manage them. Prerequisite Knowledge None Tutorial Level: Introductory Tutorial Duration: 12 minutes