Adapting to the new normal 2 More than ever before, climate in the Compass is everywhere, not as an environmental issue but as a systemic driver. Climate-smart finance/adaptation is no longer perceived as a green product category/vertical. It is a contextual reality that cuts across portfolio risk, livelihoods, adaptation, insurance, migration and product design. Climate is completely transversal. Respondents see it more clearly than ever: climate appears as a top trend, a top challenge and a top future priority. 3. Five themes Climate change is increasingly becoming the biggest driver of financial vulnerability among low- income populations, especially in rural and conflict-affected communities. At the same time, shrinking donor funding is placing pressure on socially-focused organisations to become more sustainable while still reaching underserved populations. Ngo Abdulai Banfogha, CEO of FSP in West Africa