Most Firms at High Exposure to Physical Risks of Climate Change

A new dataset from Sustainable1 shows 92% of the world’s largest firms will have at least one asset at high exposure to a physical climate change hazard by 2050. The dataset, from the subsidiary of financial information and analytics firm S&P Global, analyses the exposure of an asset or company to climate change hazards, including new financial impact metrics for over 20,000 companies and over 870,000 assets. Over a third of companies studied have at least one asset where the physical risks of climate change are equivalent to at least 20% of that asset’s value by the 2050s. James McMahon, CEO of S&P Global’s Climate Service, said: “More than ever, investors and companies are seeking advanced analytics to respond to the financial impact of climate change. This dataset allows companies and investors to understand their climate risks – and, vitally, what they could cost.”  

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