Companies largely blind to magnitude of climate change risks, new study finds

The study looked at more than 1,600 companies, the largest private-sector adaptation study to date, and found that most companies, about four out of five, reported that they did experience physical risk from climate change within the last year — but only about 20 percent were able to quantify those risks in financial terms.

Companies around the world are vastly underestimating the risks that climate change poses to their business, a new study finds.

The study, published today in the journal Nature Climate Change, analyzed disclosures from more than 1,600 global companies and found that they are collectively underreporting the financial implications of climate risks to investors by at least 100 times.

Human Nature spoke with Allie Goldstein, a scientist at Conservation International and the study’s lead author, about the findings.

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