Climate change as a matter of fact: Business leaders acknowledge bottom line risks and costs of climate change
Companies See Climate Change Hitting Their Bottom Lines in the Next 5 Years . ( The New York Times , 6/4/2019) In 2018, more than 7,000 companies submitted such reports to CDP, formerly known as the Carbon Disclosure Project . And, for the first time, CDP explicitly asked firms to try to calculate how a warming planet might affect them financially. After analyzing submissions from 215 of the world’s 500 biggest corporations, CDP found that these companies potentially faced roughly $1 trillion in costs related to climate change in the decades ahead unless they took proactive steps to prepare. By the companies’ own estimates, a majority of those financial risks could start to materialize in the next five years or so. The disclosures show how business leaders expect climate change, and the policy responses to it, to ripple through every corner of the global economy. Previous climate change as a matter of fact posts: Africa Cape Town, South Africa . (1/31/2018) Kenya ....