High temperatures have posed significant health and wellbeing risks to businesses, including the physical risk of extreme weather events like hurricanes, wildfires, and flooding. These events are financially material and negatively impact businesses' assets and operations. A 2021 report from Impax Asset Management Group found that two-thirds of large companies globally have at least one asset highly exposed to the physical risk of climate change. Heat stress affects almost every sector, including agriculture, where heat can kill crops and harm retailers dependent on crops in their supply chain. In the travel industry, extreme heat can shift consumer demand and make it difficult for employees to work outside. Research shows that extreme heat costs the global economy up to $29 trillion between 1992 and 2013. A study from the Climate Impact Lab found that higher temperatures could reduce the average income globally by nearly a quarter by 2100 compared to a no-climate-change scenario. Companies with adequate resources are building programs to address heat risk, such as assessing their supply chain to bounce back from extreme weather.