Friday, 13 December 2024.
About one month to go earlier than its subsequent annual assembly, the World Financial Discussion board (WEF) publishes a brand new report.
“The Cost of Inaction: A CEO Guide to Navigating Climate Risk”.
That is the title of the report revealed final 11 December 2024 and developed by the WEF’s Alliance of CEO Local weather Leaders in collaboration with Boston Consulting Group (BCG).
“Climate risks are no longer a distant threat; they are unfolding now, disrupting industries worldwide. Climate-related disasters have inflicted over $3.6 trillion in damage since 2000, with risks accelerating. For businesses, physical risks like extreme weather events and transition risks such as rising carbon pricing are already transforming markets and reshaping business models.”
BCG additionally posted about what they consult with as “BCG-WEF Project: CEO Climate Leaders”, including that world GDP might take a cumulative hit of 16% to 22% by the tip of the century because of financial damages brought on by climate-related disasters, if no motion taken
. “Climate change presents a dual threat to businesses: physical risks from extreme weather, and transition risks from the necessary global shift to a low-carbon economy” addsBGC in its press launch, that you would be able to learn right here
together with some nice reveals.
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One of many reveals – whose supply is Swiss RE, S&P World Sustainable, Oxford Economics, Capital IQ and BCG evaluation – exhibits estimates of the financial affect from asset injury and enterprise interruption from wildfire, warmth, coastal flooding, fluvial flooding, cyclones, water stress, and droughts vs. the historic baseline normalized to at this time, individualized:
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per area: Europe, North America, South America, Asia-Pacific, Africa and Center East
and sectors: Communication companies, Utilities, Building & Infrastructure, Supplies, Meals & Drinks, Oil & Fuel, Well being Care, Industrials
Price giving a glance how your sector stands.
All in all, there’s a lot fascinating included within the report, however possibly the apex is the so-called “CEO Climate Leaders Guidebook”.
Click on on the picture under to entry the 58-pages report for obtain. Let’s comply with up which concrete actions might be taken, recalling BGC’s above alert
The Price of Inaction, A CEO Information to Navigating Local weather Danger. World Financial Discussion board in collaboration with Boston Consulting Group. Cowl web page. December 2024.The Price of Inaction, A CEO Information to Navigating Local weather Danger. World Financial Discussion board in collaboration with Boston Consulting Group. Cowl web page. December 2024.
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