Mitigation refers to actions taken to reduce or prevent the emission of greenhouse gases, with the goal of slowing down global warming and limiting future climate impacts.
A manufacturing firm invests in solar energy and energy efficiency upgrades. While this doesn’t eliminate physical risk, it contributes to mitigation and may reduce future transition risk.
Mitigation works hand-in-hand with adaptation. It’s central to Paris-aligned scenarios and long-term sustainability strategies, especially for companies making net-zero commitments.