A new assessment of corporate climate risk has found that extreme weather events are placing nearly $1 trillion in potential financial exposure across global companies, cities and financial systems, underscoring the growing economic impact of floods, heatwaves, storms and wildfires.
The findings come from the latest disclosure analysis coordinated through the environmental reporting platform CDP, which reviewed responses from thousands of companies and public entities on climate-related risks and costs. The data shows that firms are already anticipating roughly $900 billion in losses tied to extreme weather disruptions, with wider system-wide exposure reaching close to $1 trillion across reported assets and operations.
