“Private sector engagement” has become a buzzword in development and climate practitioners’ and policymakers’ vocabulary. For public decision makers facing constrained public budgets and rising costs of managing climate change, engaging the private sector - its ingenuity, skill and financial resources - is an important strategy. But what’s in it for the private sector? Climate change poses both risks and opportunities: business assets, operations and supply chains are at risk from climate change, threatening revenue and cost streams. It also presents opportunities, to develop and market new goods and services, increase efficiencies, protect supply chains and gain reputational benefits.