Most major companies see extreme weather and other climate change impacts as current or near-term business risks, but lack the data and tools needed to effectively assess and manage these risks, according to a report released today by the Center for Climate and Energy Solutions (C2ES).
The report, Weathering the Storm: Building Business Resilience to Climate Change, provides a detailed snapshot of the state of resilience planning among a cross-section of global companies.
C2ES found that 90 percent of companies in the Standard and Poor’s Global 100 Index identify extreme weather and climate change as risks, and most have experienced climate impacts or expect to within 10 years. Top concerns include damage to facilities, loss of water or power supplies, higher costs, and disruption of supply and distribution chains.