Climate change is likely to cost the world's largest public companies nearly $1 trillion over the next five years. But the opportunities for new products and services to reduce environmental damage could be worth much more.
A survey published Tuesday by the charity CDP suggest that growing demand for low-emission products and shifts in consumer preferences could generate over $2 trillion for leading businesses. CDP, which was formerly called the Carbon Disclosure Project, said that nearly 7,000 companies including Microsoft , Apple , JP Morgan Chase and Visa responded to its 2018 survey.
Global sea levels could rise 2 meters by 2100, study finds 02:57Financial services companies reported the largest costs and opportunities, a trend that Bartlett attributed to increased awareness caused by scrutiny from regulators and stakeholders."The potential gaps in awareness and disclosure elsewhere in the economy present real risks," she said."Regulators and investors should take note, and all companies from all industries need to step up.
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