New Delhi, Dec. 31 -- As climate shocks become more frequent and severe, most small businesses remain dangerously unprepared-and Indian enterprises are among the most exposed.

Only 35% of small and medium enterprises (SMEs) globally have formal disaster continuity plans, a new survey by the Coalition for Disaster Resilient Infrastructure (CDRI) shows, flagging major risks for countries like India that face high climate vulnerability.

According to the first-ever global survey conducted by the India-headquartered CDRI and exclusively reviewed by Mint, more than half of SMEs lack access to affordable finance, real-time climate information and insurance products, forcing many to treat resilience spending as discretionary.

The findings come...