According to a new study from the Network for Business Sustainability, insurers are the most advanced organizations in adapting to climate change.The report – a thorough review of over 200 studies since 1997 on how businesses adapt to climate change – includes a sector-by-sector analysis of the risks and opportunities climate change brings and tools to help businesses adapt.

What sets the leading insurers apart are their institutional networks, which promote collaboration. For example, one insurance company in the study assembled insurers, academics, governments and NGOs to find solutions to climate change risks.

While there is a growing consensus that adaptation is a central strategy in dealing with the impacts of climate change, the report found most businesses haven’t yet incorporated substantial measures and many are focused on mitigating instead of adapting.

The study, commissioned by the Network – a collaboration of academics, consultants, NGOs and corporations – was conducted by David Nitkin and a team of two university-based researchers at EthicScan Canada.