Companies' operational facilities and business continuity are increasingly at 
risk from extreme weather events with new data published today suggesting 
revenue impairments are set to increase 90% by 2050 under the current emissions 
trajectory.   

https://mma.prnewswire.com/media/1768244/image1.jpg

The XDI 1000(https://xdi.systems/xdi-1000-benchmark/) ranks more than 1,300 
public companies by level of risk across the ASX 200, CAC 40, DAX, FTSE 350, 
HSI, NI 225, S&P 500 and STI, and quantifies the projected impacts on owned or 
leased operational assets of each company and its subsidiaries. 

The data has been published by physical risk experts, XDI, using a 
like-for-like methodology across 2.1 million commercial properties. 

The new data suggests climate change has already increased annual average 
damage by 36% in Europe and 45% in Asia since 1990, and that under current 
emissions trajectory those impacts will increase up to threefold by 2050. 
Companies listed on the Nikkei are most exposed, followed by companies listed 
in Hong Kong, China, Singapore, France and the UK.

Assets highly exposed to disruptive events like floods, forest-fires and 
coastal inundation have been identified in the analysis and are projected to 
double over the course of the century.  

Analysis of productivity losses across eight indices reveals companies listed 
on the ASX and the Hang Seng are currently most at risk but will be overtaken 
in the decades to come from the impact of sea level rises for companies listed 
on the Nikkei and FTSE. 

XDI CEO Rohan Hamden said the sobering insights offered by the XDI 1000 
highlighted the importance of independent and comparable analysis, alongside 
Climate-related Financial Disclosures (TCFD reporting.).

"We have published the XDI 1000 to show that an objective and globally 
consistent approach to physical climate risk reporting is possible, which 
allows a like-for-like comparison for regulators, shareholders and companies," 
XDI CEO Rohan Hamden said.

"The reality is that many companies are already experiencing losses as a result 
of extreme weather events caused by climate change. 

"We should prepare for these impacts to worsen in all markets but some 
companies and indices will be harder hit than others."   


XDI 1000: https://xdi.systems/xdi-1000-benchmark/ 
XDI Insights: https://xdi.systems/xdi-1000-insights/

Source: XDI

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   Caption: Companies’ operational facilities and business continuity are 
increasingly at risk from extreme weather events