Business on the Edge 2024

Although businesses across the world are exposed to climate hazards, there is some variation by region. Extreme heat is the number one risk across all regions, followed by fluvial flooding (see Table 2). Water stress ranks next highest in Africa, the Middle East, Asia-Pacific, Latin America and the Caribbean and Europe. Tropical cyclones rank third in Canada and the United States. Top five climate hazard risks under a high emissions scenario (by region, 2035) TABLE 2 Sources: S&P Global Sustainable1, Accenture analysis. Canada and USLatin America and Caribbean Europe Africa Middle East Asia-Pacific 1 Extreme heat Extreme heat Extreme heat Extreme heat Extreme heat Extreme heat 2 Fluvial flooding Fluvial flooding Fluvial flooding Fluvial flooding Fluvial flooding Fluvial flooding 3 Tropical cyclone Water stress Water stress Water stress Water stress Water stress 4 Water stress Wildfire Wildfire Drought Coastal flooding Wildfire 5 Wildfire Tropical cyclone Drought Wildfire Wildfire Drought Business on the Edge: Building Industry Resilience to Climate Hazards 12