guide for the CEO to navigate climate risks. New report from the World Economic Forum and Boston Consulting Group, ahead of the Davos 2025 Meeting.

Friday, December 13, 2024.

A few month 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 on December 11, 2024 and developed by Alliance of CEO Local weather Leaders of WEF in collaboration with Boston Consulting Group (BCG).

“Climate risks are no longer a distant threat; are now revealing themselves, disrupting industries around the world. Climate-related catastrophes have inflicted more than $3.6 trillion in damage since 2000, with risks accelerating. For companies, physical risks, such as extreme weather events, and transition risks, such as rising carbon prices, are already transforming markets and reshaping business models.”

BCG additionally revealed about what it calls “BCG-WEF Project: CEO Climate Leaders”, including that international GDP might take a cumulative hit of 16% to 22% by the tip of the century because of financial injury attributable to local weather change-related disasters if no motion is taken

. “Climate change represents a double threat to companies: physical risks arising from extreme weather conditions and risks of transitioning the necessary global shift to a low-carbon economy”, adds the BGC on yourpress releasewhich might be learn right here together with some gloriousreveals

. One in every of reveals

• – sourced from Swiss RE, S&P World Sustainable, Oxford Economics, Capital IQ and BCG evaluation – exhibits estimates of the financial impression of asset injury and enterprise interruption because of bushfires, warmth, coastal flooding, river flooding, cyclones, water stress and droughts, versus the historic regular normalized for at this time, individualizing:

• areas: Europe, North America, South America, Asia-Pacific, Africa and the Center East

and sectors: communication companies, public companies, development and infrastructure, supplies, meals and drinks, oil and gasoline, well being, business

It is price having a look at how your sector is doing.In brief, there may be a variety of fascinating stuff included within the report, however maybe the fruits is the so-called “CEO Climate Leaders Guidebook”

. Click on on the picture under to entry the 58-page report forobtain

. Let’s monitor what concrete actions can be taken, remembering the BGC alert above