Climate resilience

Cities around the globe are experiencing increased flooding due to the compounding effects of stronger storms in a warming climate and urban growth.

A high frequency of small to medium events resulted in global insured losses from natural catastrophes of USD 60 billion in the first half of 2024, according to Swiss Re Institute’s preliminary estimates.

According to an Airmic Big Question survey, the climate transition risk that most organizations measure is reputational risk.

Aon has published its Global Catastrophe Recap: First Half 2024 report, which gives a preliminary estimate of more than $117 billion in economic losses from global natural disasters during the first half (1H) of 2024.

A recent KPMG survey of 350 Canadian business leaders found that 56 per cent of companies suffered a hit to their profitability from last year’s extreme weather events.

The United Nations Office for Disaster Risk Reduction (UNDRR) says that in the wake of Hurricane Beryl ‘it is clear that we must redouble our efforts to build resilience and preparedness in the face of growing disaster risk’.

A study by Stefano Battiston of the Department of Finance at the University of Zurich and co-authors has identified critical shortcomings in the way climate-related risks to corporate assets are currently assessed.

According to PwC’s inaugural 2024 Global CSRD Survey the EU Corporate Sustainability Reporting Directive (CSRD) will affect about 50,000 companies, having a global impact.

The DestinE project aims to enable the simulation of the effects of climate change and extreme weather events to inform resilience initiatives.

Stark figures on carbon dioxide levels show that global attempts to control the increase are failing badly.