More than 200 of the biggest global companies around the world have calculated $1 trillion is at risk from climate change risks — many of which are likely to become reality within the next five years, according to a climate change report released by CDP on June 4.
The 215 companies represent nearly $17 trillion in market capital.
According to CDP, $500 billion of the projected costs would come from major climate impacts, including extreme weather patterns, rising global temperatures and increased pricing of greenhouse gas emissions.
Such companies also predict losses could total another $250 billion due to stranded assets, including fossil fuel assets that may no longer offer economic returns, or companies that are significantly exposed to the physical impac
