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On September 23, heads of state and leaders in finance, business and civil society will gather in New York City for the United Nations Climate Summit, aimed at jump-starting talks to reach a global climate agreement by December 2015. It's hardly the first time these actors have convened to counter climate change. Here's why this summit is worth watching.

Transformation is a word we use so often in our daily lives that it seems strange to stop and think about what it really means. But in adaptation circles, the definition and role of transformation has recently become a hot topic of conversation, in part because transformational change was an important theme of the recent IPCC Fifth Assessment Report, Climate Change 2014: Impacts, Adaptation, and Vulnerability.

In most developing economies, Micro, Small, and Medium Enterprises (MSMEs) employ up to 78 percent of the population and account for approximately 29 percent of the national GDP. Their presence in communities throughout the world– big and small, rural and urban – allows them to get products and services to hard-to-reach populations. This market concentration and high level of employment means MSMEs are in a good position to contribute to making vulnerable populations more climate-resilient.

But while MSMEs can assist in helping vulnerable households adapt to climate change, they are also extremely vulnerable to the impacts of a warmer world, such as intensification of precipitation and shifts in water availability. It’s important that MSMEs overcome these challenges and capitalize on their unique business opportunities in ways that help vulnerable communities adapt to climate change.

Multinational companies (MNCs) typically have operations and supply chains in many parts of the world. The way they respond to climate change, therefore, can affect many populations, including poor communities in developing countries, where many people are especially vulnerable to heat waves, sea level rise, and other climate change impacts. MNCs sometimes find themselves in tension with local groups and the environment, but they can also play an important role in making these communities more climate-resilient.

Here are three ways that MNCs can contribute to climate change adaptation in developing countries:

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