New Delhi, July 30 -- Climate resilience is moving from the sustainability function to the boardroom as companies confront rising costs from extreme weather, forcing them to rethink capital allocation, supply chains and infrastructure rather than treat climate action as a compliance exercise.

At the Mint Sustainability Summit held on Wednesday, executives from manufacturing, renewable energy and insurance argued that the financial cost of preparing for climate disruptions is now demonstrably lower than the economic damage caused by inaction. The shift, they said, is making climate resilience a business imperative rather than an environmental, social and governance (ESG) objective.

"Sustainability is no longer something which is good to ...