The document summarizes the physical, economic, and operational implications of climate change for companies based on presentations given at TCFD workshops in October 2019. It highlights increasing atmospheric CO2 levels and global temperatures over time. It also outlines the risks New Zealand faces from rising sea levels and temperatures such as more frequent coastal flooding, saline intrusion, hotter days, and changing rainfall patterns. The document stresses that meeting the 1.5°C target will require global carbon neutrality by 2050 but current emission rates have us on track to exceed 2°C of warming within 25 years.