Over 90% of big firms at risk from climate hazards

Physical climate risks like extreme weather and prolonged heat waves are projected to harm the assets of almost all major companies by the 2050s, data from S&P Global’s sustainability unit shows.

If global emissions aren’t reduced, S&P Global Sustainable1’s new dataset estimates that 92% of the world’s biggest firms have at least one asset that will be highly exposed to physical climate risks by midcentury. This will climb to 98% by the 2090s. Over one-third of top companies have an asset that could fall in value by 20% or more by the 2050s because of physical risks. This subset includes more than 70% of leading utilities, energy, and materials businesses in the S&P Global 1200 index.

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