The Economist (April 13)
Extreme weather incidents are increasing in frequency due to climate change. “In the decade from 2000 to 2009 only three thunderstorms cost the industry more than $1bn at current prices. From 2010 to 2019 there were ten. Since 2020 there have already been six. Such storms now account for more than a quarter of the costs to the insurance industry from natural disasters.”
Tags: $1bn, 2010, 2019, 2020, Climate change, Costs, Extreme weather, Frequency, Incidents, Industry, Insurance, Natural disasters, Storms, Thunderstorms
CFO Magazine (May Issue)
“In the face of extreme weather and natural disasters, companies are reengineering their supply chains for added reliability.” ATMI, Kimberly-Clark, Royal Caribbean and Ford Motor are just a few of the companies “that have elevated climate change in their enterprise risk management methodologies. Indeed, according to a September 2012 survey by the independent Carbon Disclosure Project, 83% of S&P 500 companies are integrating climate change into ERM processes.”
Tags: Carbon Disclosure Project, Climate change, Enterprise risk management, Extreme weather, Natural disasters, Reliability, S&P 500, Supply chains
