Climate Costs Are Rising, but Few Companies Have an Adaptation Plan

Companies face rising exposure to the physical impacts of climate change, which comes with big financial costs — potentially $25 trillion by 2050 for the world’s largest companies under a medium climate change scenario (SSP2-4.5), according to analysis by S&P Global Sustainable1. Our data shows that many large companies globally have yet to create climate adaptation plans to build resilience to these hazards: only 35% of companies in our...