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Purpose

The objective of this paper is to present a four‐cycle framework for developing a corporate climate risk strategy.

Design/methodology/approach

The paper introduces a four‐cycle framework based on nine key steps.

Findings

The paper suggests that the framework presented is of major strategic benefit if applied methodically and suitably supported by appropriate resources from within and outside the company.

Originality/value

The paper presents a four‐cycle framework suitable for developing a corporate climate risk strategy.

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