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$US 1Trillion in Climate Risks

$US 1Trillion in Climate Risks

$US 1Trillion in Climate Risks

A group of 215 of the world’s biggest companies representing nearly US$17 trillion in market capitalisation have valued the climate risks to their businesses at almost US$1 trillion – with many of these risks expected to hit within the next five years.

Further, and most chilling, is that over half of these risks were reported by these companies as being “likely/very likely/virtually certain” and are expected to materialise in the short- to medium-term, which works out to be around five years, or earlier.

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