Climate Changed
Corporate Assets Face Climate Risks, But Nobody Seems to Mind
- Disclosures from 1,600 companies show strategic ‘blind spots’
- Day-to-day management may crowd out a ‘tragedy on the horizon’
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Companies as diverse as Alphabet Inc., Swiss fragrance maker Givaudan SA, Hitachi Ltd. and Entergy Corp. are making investments that increasingly take into account how rising global temperatures and accompanying physical changes may affect their operations.
Their projects are called out within a private sector that’s not keeping up with the pace of risk, according to an analysis published Monday in the journal Nature Climate Change.