Business & FinanceEnvironment

Reuters exclusively reports Centrica, Nestle, Swatch among companies exposed to physical climate risks

Reuters exclusively reported that European energy firms Centrica and Galp, food group Nestle, and watchmaker Swatch are among 50 companies worldwide that are highly exposed to physical climate risks, investors with $10 trillion in assets said. The companies, which are involved in energy and mining, food, pharmaceuticals or technology manufacturing or transport and utilities, are more exposed to issues such as flooding than other companies in their sector and region, the Institutional Investors Group on Climate Change said. In a letter to the European, Asian and U.S. companies from more than 50 IIGCC members, the investors asked the firms to identify properly and respond to events such as flooding, droughts and extreme heat.

Article Tags
Topics of Interest: Business & FinanceEnvironment
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Europe
Countries: England
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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