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Fortune
Fortune
Henry Fernandez

MSCI CEO: why markets must catch up with physical climate risk

hf (Credit: Bing Guan/Bloomberg via Getty Images)

All across the world, all across different kinds of extreme weather, the records keep falling.

This summer alone, we saw the hottest July ever recorded in North America, Africa and Asia; the hottest June–July ever recorded in Western Europe; the hottest global average sea surface temperature ever recorded; the lowest water levels ever recorded in some of Europe’s biggest rivers; and record-breaking rainfall everywhere from China, Japan, South Korea, Pakistan and Canada to Hawaii, Missouri, Indiana, West Virginia, New York and beyond.

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