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

More on Risk

'Sheer fantasy': Study warns 'drill baby drill' approach to North Sea would result in negligible savings for households

'Sheer fantasy': Study warns 'drill baby drill' approach to North Sea would result in negligible savings for households

Analysis from Oxford Smith School suggests energy bills can be reduced far more by transitioning to a renewable power system than by maximising North Sea fossil fuel production

James Murray
clock 16 March 2026 • 4 min read
TNFD: A tick-box exercise or genuine driver of sustainable change?

TNFD: A tick-box exercise or genuine driver of sustainable change?

Collaboration between corporate risk and sustainability teams can unlock budget, boost ROI and drive long-term value through through alignment with the Taskforce on Nature-related Financial Disclosures guidelines, writes WTW's Torolf Hamm

Torolf Hamm, WTW
clock 12 March 2026 • 3 min read
Oil prices climb again, despite IEA move to release oil reserves

Oil prices climb again, despite IEA move to release oil reserves

Oil prices jump above $100 a barrel in early trading, as Iran continues to ramp up attacks on shipping and fossil fuel infrastructure across the Gulf

James Murray
clock 12 March 2026 • 4 min read