A Majority of Companies Are Already Feeling the Climate Heat

Climate change is already having an impact on companies around the world. More than half of companies surveyed by Morgan Stanley experienced climate-related operational disruptions within the past year, including increased costs, worker disruption and revenue losses. Extreme heat and storms caused the most frequent disruptions, followed by wildfires and smoke, water shortages, and flooding. The US spent nearly $1 trillion on disaster recovery and climate-related needs over the past year, according to Bloomberg Intelligence analysis, while nearly two-thirds of Tampa metro businesses reported losses from hurricanes Helene and Milton.

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