Climate-smart business models target multiple Sustainable Development Goals by fostering agricultural productivity, supporting farm and farmer livelihood resilience, and encouraging climate mitigation. While many business models (cl)aiming to create climate-smart value already exist both in agricultural development and business practice, little scholarly attention has so far been directed toward their functioning. In this paper, we argue that business models need to be inclusive and adaptive to generate climate-smart value equitably for all stakeholders involved and sustainably over time. Inclusivity involves not only providing the poor at the Bottom-of-the-Pyramid (BoP) with access to resources (e.g. finance, technology, access to markets) in business models but also, according to some scholars, with guaranteeing their representation in decision-making over the use of these resources. Adaptability entails the capacity to smoohtly adjust structures and processes of enterprise-BoP partnerships that underlie business models. We suggest that building inclusive and adaptive climate-smart business models is non-trivial work which, in the future, will require rapid cycles of collective experimentation and reflection between decision-makers in climate-smart business models and researchers studying them.

气候智能型商业模式通过提高农业生产力，支持农场和农民的生计抵御力以及鼓励缓解气候变化，实现了多个可持续发展目标。尽管在农业发展和商业实践中已经存在许多旨在创造气候智能价值的商业模式（cl），但迄今为止，对其功能的研究很少受到学者的关注。在本文中，我们认为，业务模型必须具有包容性和适应性，以便为所有利益相关者公平地创造气候智能价值，并随着时间的推移可持续发展。包容性不仅涉及为金字塔底层的穷人提供商业模式中的资源（例如金融，技术，市场准入）渠道，而且据一些学者称，确保他们在使用这些资源的决策中具有代表性。适应性意味着有能力根据业务模型基础调整企业与BoP合作伙伴关系的结构和流程。我们建议，建立包容性和自适应的气候智能业务模型是一项艰巨的工作，将来，这将需要快速的集体试验周期，以及气候智能业务模型的决策者和研究它们的研究人员之间的反思。