Physical climate risks could cost firms US$1.2tn a year by 2050
Too few companies are investing in climate adaptation, despite significant returns.
Climate change-related extreme weather events could cost the world’s largest companies US$1.2 trillion per year by 2050 – even if greenhouse gas emissions drop.
Data from S&P Global Sustainable1 forecasts that physical climate costs will amount to US$885 billion per year in the 2030s for firms in the S&P Global 1200 – and rise to US$1.2 trillion by 2050 and US$1.6 trillion by 2090.
