Extreme Heat Damages Businesses
• High temperatures pose significant health and wellbeing risks to businesses, including physical damage from extreme weather events.
• Two-thirds of large companies globally have at least one asset exposed to climate change's physical risk.
• Heat stress affects almost every sector, including agriculture, travel, and retail.
• Research shows extreme heat costs the global economy up to $29 trillion between 1992 and 2013.
• A study from the Climate Impact Lab suggests higher temperatures could reduce global income by nearly a quarter by 2100.
• Companies are building programs to address heat risk, such as assessing their supply chain.