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Two reports released this week examine the increasingly urgent risks to which major corporations around the world are vulnerable thanks to climate change, along with their own part in exacerbating those risks and how they could act to mitigate them.

With 2020 fast approaching, former United Nations Climate Change Chief Christiana Figueres has called on the global community to take action to reduce greenhouse gas emissions in an effort to mitigate the worst impacts of climate change. Joined by a group of leading climate and business experts, Figueres has launched a campaign highlighting why 2020 is a critical turning point and how it can be achieved. The campaign draws on findings from the report 2020: The Climate Turning Point, which features the most up-to-date scientific basis for urgent action to reduce emissions, as well as a roadmap of action to 2020.

Using automatic analysis, Global Forest Watch's new PALM Risk Tool determines the level of risk that a particular mill is using palm oil from illegally deforested sources, making it a powerful platform for companies to not only better understand their supply chains, but figure out how to mitigate risk and allocate limited resources towards achieving zero-deforestation goals.

Adobe, IKEA North America, Mars, and Blue Cross Blue Shield of Massachusetts filed briefs in the U.S. Court of Appeals in support of the EPA's Clean Power Plan. The companies stated they "view the Clean Power Plan and its emissions reduction program as a component of their domestic and international business risk mitigation strategies."

Coca-Cola, MillerCoors, H&M and others are finding new ways to mitigate water issues. But their actions are just a drop in the bucket.

A coalition of investors concerned about the lack of reported progress in mitigating the risks associated with hydraulic fracturing operations have submitted shareholder resolutions targeting organizations that received failing scores in a recently-released report. Read more: Fracturing and drilling companies "owe" investors disclosure - FierceEnergy http://www.fierceenergy.com/story/fracturing-and-drilling-companies-owe-investors-disclosure/2014-02-11#ixzz2tFdqgahc Subscribe at FierceEnergy

Now that climate change is directly impacting the well-being and safety of many communities, the conversation has officially shifted from mitigation to adaptation.

Emissions trading offers the best and most cost-effective way of mitigating aviation emissions and climate impact by 2050, according to a report by Manchester Metropolitan University's Centre for Air Transport and Environment (CATE).

By teaming up with The Nature Conservancy, this leading agricultural company has helped to mitigate deforestation in Brazil

The Pertamina Energy Tower's curved façade is precisely calibrated for Jakarta's proximity to the equator to mitigate solar heat gain year-round.

The Intergovernmental Panel on Climate Change's newest installment, Working Group III: Mitigation and Climate Change, highlights an important message: It's still possible to limit average global temperature rise to 2°C - but only if the world rapidly reduces emissions and changes its current energy mix.

CDP released its "2015 Climate A List," which recognizes companies for demonstrating leadership in climate change mitigation. 

Leveraging biomimicry's unique approach to research and design can lead to sustainable, profitable technologies that mitigate risk and reduce costs. 

A new shareowner coalition coordinated by Walden Asset Management has filed resolutions with 11 oil and gas companies, seeking to shine a light on the practice of energy companies to fund, through direct lobbying or trade association membership, efforts to derail regulatory efforts to mitigate the worst effects of climate change. 

The Coalition for Higher Ambition issued a statement calling on EU officials to "act on the Paris Agreement and ensure that EU climate policies are coherent with its goals." The Coalition for Higher Ambition is an informal group of businesses, investors, NGOs, and others working together to promote leadership on climate change mitigation in the EU.

An international team of scientists has proposed a series of deadlines by which humanity must take serious action to combat climate change if it is to meet the ambitious goals of the 2015 Paris Agreement, and stave off potential disaster. The team behind the study hopes that these points of no return will help inform debate, and spur leaders to take action to mitigate the threat of climate change while there is still time.

As the annual Climate Week NYC launches today, more companies are announcing their commitment to carbon emissions reduction targets. And they are doing so through using the guidelines set by the Science Based Targets initiative, which provides a framework that its supporters say can help companies stay competitive while doing their part to mitigate climate change.

Environmental risks, which have grown in prominence over the 13-year history of the Global Risks Report, are an area of particular concern. The Global Risks Report 2018 looks at five categories of environmental risks: extreme weather events and temperatures; accelerating biodiversity loss; pollution of air, soil and water; failures of climate change mitigation and adaptation; and risks linked to the transition to low carbon. All of these risks ranked highly on both dimensions of likelihood and impact.

The Department of Defense is clear-eyed about the challenges climate change poses. "The pressures caused by climate change will influence resource competition while placing additional burdens on economies, societies, and governance institutions around the world," the most recent Quadrennial Defense Review, issued in 2014, states. "These effects are threat multipliers that will aggravate stressors abroad such as poverty, environmental degradation, political instability, and social tensions-conditions that can enable terrorist activity and other forms of violence."