Major risk or rosy opportunity: are companies ready for climate change? - CDP Climate Change Report 2018
A group of the world’s biggest companies representing nearly US$17 trillion in market capitalization have valued the climate risks to their businesses at almost US$1 trillion - with many likely to hit within the next 5 years. This is revealed in a groundbreaking new report published by CDP, which runs the global disclosure system for environmental information. Over 80% see major climate impacts, including extreme weather patterns, rising global temperatures and increased pricing of greenhouse gas emissions. Around US$500 billion of costs are rated as likely to virtually certain, with higher operating costs linked to legal and policy changes making up a significant risk.