Tuesday, January 19, 2021
GMO test
  • Politics
    • American Politics
    • Canadian Politics
    • International Politics
  • Investing
  • Business
    • Corporate Culture
    • Leadership
    • Marketing
    • Supply Chains
  • Economy
    • Jobs
    • The Green Economy
    • GDP
  • Energy
    • Solar
    • Wind
    • Fossil Fuels
    • Renewables
  • Environment
    • Emissions
    • Wildfires
    • Biodiversity
    • Extreme Weather
  • Technology
    • Food
    • Health
    • Buildings
    • Renewables
    • Carbon Capture
    • Transportation
    • Climate Change
  • Social Change
    • Activism
    • Education
    • Psychology
No Result
View All Result
  • Politics
    • American Politics
    • Canadian Politics
    • International Politics
  • Investing
  • Business
    • Corporate Culture
    • Leadership
    • Marketing
    • Supply Chains
  • Economy
    • Jobs
    • The Green Economy
    • GDP
  • Energy
    • Solar
    • Wind
    • Fossil Fuels
    • Renewables
  • Environment
    • Emissions
    • Wildfires
    • Biodiversity
    • Extreme Weather
  • Technology
    • Food
    • Health
    • Buildings
    • Renewables
    • Carbon Capture
    • Transportation
    • Climate Change
  • Social Change
    • Activism
    • Education
    • Psychology
No Result
View All Result
GMO test
No Result
View All Result
Home Uncategorized

Factoring Climate Risks for Business

by Richard Matthews
May 21, 2014
in Uncategorized
0

The business community must understand the benefits of engaging climate change and the costs of failing to act. The sooner we factor climate risks the lower the ultimate price tag.

Businesses that are reluctant to assume the costs of mitigation and adaptation need to appreciate the costs associated with delays. According to some estimates, in the last two years alone delays in engaging climate change have cost us $8 trillion. The longer we wait the higher the price tag. BSR says that climate change will cost us $4 trillion by 2030 while the IEA estimates that we can save $115 trillion in fuel costs by 2050.


According to a CDP report some of the world’s biggest brands are coming to terms with climate change related risks and costs.

These climate change risks and costs are a current concern and not just part of some distant future. Three years ago 26% of S&P 500 companies said that climate change poses a risk within the next five years, the most recent CDP study saw that number jump to almost half (45%). These costs include damage to facilities, reduced product demand, lost productivity and write-offs.

Half of S&P 500 companies said that these risks range from “more likely than not” to “virtually certain” which is up from slightly more than a third (34 %) three years ago.

Here is a brief sampling of some of the corporate risks and costs associated with climate change:

  • Dr. Pepper Snapple Group is concerned about extreme weather and the cost of water due to growing scarcity. They have assigned a price tag of $2.5 billion for their sales at risk.
  • The Gap expects higher costs for cotton due to climate change related drought impacts on precipitation in China.
  • Sempra Energy has indicated that wildfires in San Diego have accrued costs exceeding its $1.1 billion of liability insurance coverage.
  • Union Pacific reports a decrease in freight revenue due to droughts in 2012.
  • HP describes a decline in revenue of 7 percent due to the 2011 floods in Thailand.&
  • Consolidated Edison has indicated that the costs associated with Hurricane Sandy are close to half a billion dollars ($431 million).

© 2014, Richard Matthews. All rights reserved.

Related Posts
Sectors Most at Risk from Climate Change
World Economic Forum Risk Report Singles Out Climate Change
World Economic Forum Report: ‘”Global Risks 2014″
Guide – Physical Risks from Climate Change (Ceres)
Global Risks Report 2013: Interconnectedness of the Economy
A Growing Number of Companies See the Risks Posed by Climate Change (CDP)
Climate Change as an Investment Risk or Opportunity
Alternative Energy Stocks and Risk Mitigation
Risk Posed by Climate is an Investment Risk or Opportunity
CDP Report Shows Companies See the Risks Posed by Climate Change
Investors Prompt SEC To Push for Climate Risk Disclosure
Going Beyond Compliance and Mitigating Risk
Growing US Corporate Investment is Reducing Climate Risk

Corporate America is Benefiting from Mitigating Reputational Risk
Report: Canadian Businesses are Mitigating Risk
Risk Based Approach to Responsible Procurement
CSR Standards Reduce Risk
New Types of Insurance Reduce Risk
New Tool Helps Companies with Water Risks
Key Messages from Climate Congress Scientists

Top Climate Innovators Reduce Risk

Sustainability Success Kit from Enviance

UNESCO’s Education for Sustainable Development
Global Survey on Sustainability
Event: Risk, Competitiveness and Sustainability

ShareTweetShare
Previous Post

Global Fire Map (May 1 – 10, 2014)

Next Post

Reducing Fossil Fuel Use: The Longer We Wait the More it will Cost

Related Posts

Unprecedented Wildfires in 2020 are Connected to Climate Change

by Richard Matthews
December 29, 2020
0

The intense wildfires that raged across the Western U.S., South America, and Australia in 2020 are being attributed to climate change. What makes these fires unprecedented is their size and...

American Courts are Defending Democracy and the Environment

by Richard Matthews
December 14, 2020
0

Despite unprecedented challenges, America's legal system has held. In recent weeks the courts have repeatedly defended democracy and in the last four years they have overturned a wide range of environmental...

Boycott Culture and Brand Influence During Trump’s Presidency and Beyond

by Richard Matthews
December 8, 2020
0

Brands wield enormous influence over popular culture and whether they are pursuing core social values or trying to preempt boycotts, brands are finding it harder to ignore social, environmental and political...

Next Post

Reducing Fossil Fuel Use: The Longer We Wait the More it will Cost

Leave a Reply Cancel reply

Follow Us

  • Facebook
  • Twitter
  • Email
  • LinkedIn
  • Reddit
  • SoundCloud

Subscribe to the Blog

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Business

Corporate America’s Break Up with Trump & the GOP

by Richard Matthews
January 15, 2021
0

Resistance to Donald Trump started shortly after he announced his intention to run for public office, but it was not...

Read more

Climate Change is Fueling Deadly Extreme Weather and Costly Climate Disasters

January 13, 2021
protected areas and new species on the map of the world

Summary of Positive Biodiversity Stories

January 11, 2021
images of extreme weather events

Long Term Warming Trends Tell Us What We Need to Know

January 9, 2021

Trump Leads an Insurrection after He and the GOP are Rejected in a Historic Election

January 7, 2021
  • Business
  • Economy
  • Energy
  • Environment
  • Investing
  • Politics
  • Technology
  • Social Change

© 2021 Copyright The Green Market Oracle.

No Result
View All Result
  • Business
    • Corporate Culture
    • Leadership
    • Marketing
    • Supply Chains
  • Economy
    • GDP
    • Jobs
    • The Green Economy
  • Energy
    • Fossil Fuels
    • Renewables
    • Solar
    • Wind
  • Environment
    • Emissions
    • Biodiversity
    • Extreme Weather
    • Wildfires
  • Investing
  • Politics
    • American Politics
    • Canadian Politics
    • International Politics
  • Technology
    • Buildings
    • Carbon Capture
    • Climate Change
    • Food
    • Transportation
    • Health
    • Renewables
  • Social Change
    • Education
    • Activism
    • Psychology
    • Marches

© 2021 Copyright The Green Market Oracle.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In