Study: Climate hazards could dent corporate earnings by seven per cent by 2035

Stuart Stone
clock • 3 min read
Credit: iStock
Image:

Credit: iStock

New analysis from World Economic Forum warns financial impact from climate change could be more severe than previously estimated

Businesses which fail to adapt to escalating climate risks such as extreme heat and flooding could lose up to seven per cent of annual earnings by 2035, an impact akin to Covid-19-level disruptions every...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

Stuart Stone
Author spotlight

Stuart Stone

View profile
More from Stuart Stone

'Design flaw': EV drivers who can not charge at home face £172m-a-year VAT penalty, New AutoMotive claims

Ethstat's Yasmin Halai-Carter: 'Innovation often starts where certainty ends'

More on Risk

A third of Britons fear extreme heat will slash the value of their homes
Risk

A third of Britons fear extreme heat will slash the value of their homes

Survey reveals growing fears over-heating, subsidence, and increased flood and fire risks could impact property valuations in the coming years

James Murray
James Murray
clock 03 August 2026 • 3 min read
Nearly five million properties across Europe to face heightened wildfire risk by 2050
Risk

Nearly five million properties across Europe to face heightened wildfire risk by 2050

Analysis from Climate X estimates nearly five million properties will experience wildfire threat, as FT analysis suggests economic cost of recent fires has topped €3bn

James Murray
James Murray
clock 03 August 2026 • 3 min read
UK at risk of recession if Strait of Hormuz blockade continues, EY warns
Risk

UK at risk of recession if Strait of Hormuz blockade continues, EY warns

Consultancy's latest forecast argues UK economy has proven surprisingly resilient in face of energy shock, but risk of recession is growing as disruption to oil and gas markets continues

James Murray
James Murray
clock 03 August 2026 • 5 min read