A Majority of Companies Are Already Feeling the Climate Heat (bloomberg.com)
(Saturday July 05, 2025 @11:34AM (msmash)
from the no-longer-hypothetical dept.)
Climate change is already having an impact on companies around the world. More than half of companies surveyed by Morgan Stanley [1]experienced climate-related operational disruptions within the past year , including increased costs, worker disruption and revenue losses. Extreme heat and storms caused the most frequent disruptions, followed by wildfires and smoke, water shortages, and flooding.
The US spent nearly $1 trillion on disaster recovery and climate-related needs over the past year, according to Bloomberg Intelligence analysis, while nearly two-thirds of Tampa metro businesses reported losses from hurricanes Helene and Milton.
[1] https://www.bloomberg.com/news/articles/2025-07-03/a-majority-of-companies-are-already-feeling-the-climate-heat
The US spent nearly $1 trillion on disaster recovery and climate-related needs over the past year, according to Bloomberg Intelligence analysis, while nearly two-thirds of Tampa metro businesses reported losses from hurricanes Helene and Milton.
[1] https://www.bloomberg.com/news/articles/2025-07-03/a-majority-of-companies-are-already-feeling-the-climate-heat