[Excerpt] In this second report we dig deeper into what these scenarios mean for the largest fashion brands and retailers. How are brands likely to fare in the face of climate breakdown without any adaptation response? How large are the costs of climate-related disruption and who is likely to bear their burden? Are the major brands—whose scale and influence upstream make for commensurately large real-world impacts—pivoting to incorporate adaptation in their strategic planning? And finally, for those brands that do embrace more than just mitigation, what are the potential returns on adaptation investment?