Company finances will be affected by climate change through the cost of damage to assets and property, disruption and lost sales. The finance sector itself is also vulnerable with insurers and investment portfolios exposed to a wide range of climate risks.
- An increase of extreme weather events will see more insurance related issues.
- Damage from flooding and other severe weather event impacts could result in unplanned costs for businesses.
- Global climatic events could impact on international investments or products sourced from overseas.
- Cost implications for retrofitting existing buildings or relocating to cope with climate impacts.