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Investegate |Natwest Markets PLC Announcements | Natwest Markets PLC: Annual Financial Report

Investegate |Natwest Markets PLC Announcements | Natwest Markets PLC: Annual Financial Report
investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.

With Patchy Guidance, Companies May Have Climate Risk Blind Spots

Dust storms are a hazard of climate change, yet leading financial disclosure initiatives fail to include this and other hazards in their physical climate risk assessment guidance. Photo by amazingsdj/Pixabay The record-breaking wildfires and hurricanes of 2020 may not stand out as the worst catastrophes in a year defined by compounding crises. But these natural disasters are among the long list of physical climate hazards becoming more frequent and intense. Globally, natural disasters caused $210 billion in damages in 2020, $95 billion in the United States alone. Scientific evidence tells us these trends will only worsen as global temperatures rise, taking a toll on human life, infrastructure, economic activity and financial stability especially if risks continue to go underpriced. By 2100, climate change could cost the global economy hundreds of trillions of dollars.

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