Climate finance and corporate resilience: Building sustainable financial strategies in an era of climate risk

Authors

  • Wasif Mir PhD Scholar, Department of Management Sciences, Bahria University, Islamabad, Pakistan Author
  • Babar PhD Scholar, Department of Management Sciences, Bahria University, Islamabad, Pakistan Author
  • Saba Mahmood MS in Management Sciences, SZABIST, Islamabad, Pakistan Author
  • Muhammad Zain Bashir Student, UE Business School, University of Education, Lahore, Punjab, Pakistan Author

Keywords:

Climate Finance, Corporate Resilience, Environmental Disclosure, Green Investment, Sustainable Finance, Sustainable Financing

Abstract

test

Downloads

Download data is not yet available.

References

Bagh, T., Faiq, M., Khan, M. A., & others. (2024). Climate change risk and firm value: The role of ESG investment engagement. Finance Research Letters, 63, 105388. https://doi.org/10.1016/j.frl.2024.105388

Ben-Amar, W., Chang, M., & McIlkenny, P. (2024). Does corporate environmental reporting improve financial analysts’ forecasts? Journal of Business Finance & Accounting, 51(7–8), 2153–2180. https://doi.org/10.1111/jbfa.12778

Bingler, J. A., Kraus, M., Leippold, M., & Webersinke, N. (2024). How cheap talk in climate disclosures relates to climate initiatives, corporate emissions, and reputation risk. Journal of Banking & Finance, 164, 107191. https://doi.org/10.1016/j.jbankfin.2024.107191

Cheng, T. Y., Dong, L., Dong, Y., & Lam, K. S. K. (2025). How does climate risk affect corporate financialization? Research in International Business and Finance, 78, 102954. https://doi.org/10.1016/j.ribaf.2025.102954

Fan, X., Tang, Z., Fu, Y., & Yan, J. (2024). Environmental information disclosure and corporate financial performance: Evidence from China. Accounting & Finance, 64(Supplement 1), 5039–5068. https://doi.org/10.1111/acfi.13327

Ghose, B., Gogoi, N., Singh, P. K., & Gope, K. (2025). Impact of corporate climate change disclosure on firm performance: Empirical evidence from an emerging economy. Sustainability Accounting, Management and Policy Journal, 16(2), 389–414. https://doi.org/10.1108/SAMPJ-09-2023-0714

Lei, X. (2026). When hurricanes rewrite balance sheets: The climate adaptation paradox in corporate resilience. Sustainable Development. https://doi.org/10.1002/sd.70309

Liu, L., Beirne, J., Azhgaliyeva, D., & Rahut, D. (2024). Climate change and corporate financial performance. Journal of Risk and Financial Management, 17(7), 267. https://doi.org/10.3390/jrfm17070267

Megeid, N. S. A. (2024). The impact of climate risk disclosure on financial performance, financial reporting and risk management: Evidence from Egypt. Future Business Journal, 10, 21. https://doi.org/10.1186/s43093-024-00309-5

Rabbani, M. R., Kiran, M., Cepni, O., & Naeem, M. A. (2025). Fortune favors the green: Role of green investment in mitigating climate risk and the moderating role of ESG performance. The Quarterly Review of Economics and Finance, 103, 102028. https://doi.org/10.1016/j.qref.2025.102028

Rabbani, M. R., Kiran, M., Cepni, O., & Naeem, M. A. (2025). Fortune favors the green: Role of green investment in mitigating climate risk and the moderating role of ESG performance. The Quarterly Review of Economics and Finance, 103, 102028. https://doi.org/10.1016/j.qref.2025.102028

Su, B., & Fang, X. (2026). Climate risk perception and corporate green innovation: From cognitive awareness to behavioral response. Sustainability, 18(2), 752. https://doi.org/10.3390/su18020752

Wan, D., Liu, H., Yang, D., & Li, G. (2025). How does climate risk impact corporate green investment? Evidence from Chinese listed firms. Journal of Environmental Management, 396, 128040. https://doi.org/10.1016/j.jenvman.2025.128040

Wang, L., Zhao, C., Gan, Y., & Ni, X. (2025). Financial flexibility, organizational resilience and corporate green innovation. Finance Research Letters, 76, 106917. https://doi.org/10.1016/j.frl.2025.106917

Wang, N., Wang, F., Li, Y., & Yuan, Y. (2026). From financial lock-in to resilience reconstruction: Climate risk, internal capital markets and organizational resilience of high-carbon enterprises. PLOS ONE, 21(1), https://doi.org/10.1371/journal.pone.0337896

Wang, Z., Fu, H., Ren, X., & Gozgor, G. (2024). Exploring the carbon emission reduction effects of corporate climate risk disclosure: Empirical evidence based on Chinese A-share listed enterprises. International Review of Financial Analysis, 92, 103072. https://doi.org/10.1016/j.irfa.2024.103072

Wongsinhirun, N., Chatjuthamard, P., Denlertchaikul, N., Jiraporn, P., & Korphaibool, V. (2026). The role of green corporate finance in enhancing firm resilience to climate change. Journal of Economic Surveys, 40(3), 1723–1741. https://doi.org/10.1111/joes.70070

Yin, Z., Deng, R., Xia, J., & Zhao, L. (2024). Climate risk and corporate ESG performance: Evidence from China. The North American Journal of Economics and Finance, 74, 102245. https://doi.org/10.1016/j.najef.2024.102245

Zhang, X., & Bao, X. (2025). Sustainable transformation: The impact of climate risk perception on corporate operational resilience in China. Sustainability, 17(8), 3387. https://doi.org/10.3390/su17083387

Zhang, X., & Bao, X. (2025). Sustainable transformation: The impact of climate risk perception on corporate operational resilience in China. Sustainability, 17(8), 3387. https://doi.org/10.3390/su17083387

Zhao, F., Liu, Y., Dou, Y., & Su, B. (2025). Climate change risks and corporate financialization: Friend or foe? A theoretical and empirical analysis. Energy Economics, 149, 108757. https://doi.org/10.1016/j.eneco.2025.108757

Zheng, L., An, Q., & Yang, M. (2024). Climate change, corporate risk-taking, and financialization: Evidence from Chinese A-share non-financial listed companies. Environment, Development and Sustainability, 28, 1443–1466. https://doi.org/10.1007/s10668-024-05045-y

Downloads

Published

2026-08-23

Issue

Section

Articles

Categories

How to Cite

Mir, W., Babar, Mahmood, S., & Bashir, M. Z. (2026). Climate finance and corporate resilience: Building sustainable financial strategies in an era of climate risk. Journal of Climate and Community Development, 5(2), 212-225. https://joccd.com/index.php/joccd/article/view/143