Climate Costs Are Rising, but Few Companies Have an Adaptation Plan — Source: S&P Global
Companies face rising exposure to the physical impacts of climate change, which comes with big financial costs — potentially $25 trillion by 2050 for the world’s largest companies under a medium climate change scenario (SSP2-4.5), according to analysis by S&P Global Sustainable1. Our data shows that many large companies globally have yet to create climate adaptation plans to build resilience to these hazards: only 35% of companies in our analysis have an adaptation plan.
As physical climate risks become more frequent and severe, the slow progression of many companies’ adaptation planning presents crucial risks to the global economy.
Discover which sectors are falling behind in planning for physical climate risks.
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