27 Jul '12, 9am

Climate Change Poses Many Business Risks

Climate Change Poses Many Business Risks

Last year set records for economic and insured losses caused by natural catastrophes. Extreme weather events in 2011 accounted for 90 percent of the disasters and eight of the 10 most costly ones, which resulted in overall losses of over $148 billion and insured losses of over $55 billion. As a joint report by Oxfam America, Calvert Investments and Ceres points out, “Climate change has already started to cause a wide range of physical effects—with serious implications for investors and businesses.” The report predicts that climate change will increase those trends. The report titled, Physical Risks from Climate Change , serves as a guide for companies and investors when it comes to both disclosing climate risks and managing them. The report specifically looks at the risks of climate change to seven different business sectors, including agriculture, food and beverage sector...

Full article: http://www.triplepundit.com/2012/07/climate-change-poses-...

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