Companies Take On the Next Environmental Threats
Climate change is a risk to businesses around the world, but company disclosures show deforestation and drought are quickly climbing the list of worries.
Insecurity.
Photographer: Asim Hafeez/Bloomberg
For the past 15 years, CDP has been asking companies and investors to disclose their businesses’ impact on the environment, as well as the environment’s impact on their businesses. My Bloomberg colleague Christopher Flavelle examined how some of the U.K.-based nonprofit’s respondents view the effects — and the opportunities it might bring — of climate change on their businesses in a deep dive last month. This week, I’m looking specifically at company risks related to water security and forests, and how the effects of climate change will force companies worldwide to change how they operate.
In 2018, more than 7,000 companies filed environmental reports to the CDP; more than 2,100 of them disclosed risks to water security, and 455 reported risks to forests.