Climate change could slash company profits by 7% by 2035, says WEF
7 percent less profit due to climate change
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Listening: Climate change could slash company profits by 7% by 2035, says WEF
Companies that ignore climate risks such as extreme heat could face annual losses in profits of up to 7% by 2035. This is nearly half the decline seen during the coronavirus pandemic.
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7 Prozent weniger Gewinn wegen Klimawandel
Original
This is the conclusion of a study by the World Economic Forum (WEF). The WEF identifies particularly high risks from climate change for the telecommunications industry, utilities, and energy companies.
However, the WEF also sees opportunities. The market for sustainable products could triple to $14 trillion (CHF12.5 trillion) by mid-decade.
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Suppliers of alternative energy, sustainable transportation, and eco-friendly consumer goods are likely to benefit.
Translated from German by DeepL/sp
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