Utilities face greatest threat as climate risks intensify
20 Sep, 2021
Climate change is pushing power, gas and water companies to the frontlines of an intensifying battle against natural disasters that is set to increasingly hit the profits of businesses around the world.
Utilities face the highest combined physical risk from climate hazards like water stress, storms and wildfires among different industries, according to an analysis of data from Trucost. The analysis, which ranks threats to the physical operations of around 15,000 public companies, shows utilities’ vulnerability to physical climate risks generally tops other capital-intensive sectors like industrial manufacturing, oil and gas and real estate.