Daily Bulletin

The Times Real Estate

.

  • Written by PR Newswire Asia - Daily Bulletin Au RSS

SYDNEY, March 17, 2022 /PRNewswire/ -- 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.   

NEW DATA QUANTIFIES SIGNIFICANT RISK TO GLOBAL INDICES FROM PHYSICAL CLIMATE RISK Companies’ operational facilities and business continuity are increasingly at risk from extreme weather events

The XDI 1000 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/

 

Authors: PR Newswire Asia - Daily Bulletin Au RSS

Read more https://www.prnasia.com/story/archive/3694969_AE94969_0

Business News

How to Estimate the Right Skip Bin Size for Your Renovation Project

One of the most challenging aspects of planning a renovation project is estimating the amount of waste you'll generate. Choosing a skip bin that's too small means paying for additional bins or picku...

Daily Bulletin - avatar Daily Bulletin

Cool Room Hire: The Ultimate Solution for Temperature-Sensitive Storage

Businesses in the food, pharmaceutical, and event industries often require reliable refrigeration to keep products fresh and safe. Cool room hire provides a flexible and cost-effective solution for ...

Daily Bulletin - avatar Daily Bulletin

Thryv Australia named global winner of the 2025 Microsoft Advertising Partner Awards

Melbourne – 11 March 2025:   Thryv® (NASDAQ: THRY), provider of the leading small business marketing and sales software platform, has been named the global winner of the Microsoft Advertising Part...

Daily Bulletin - avatar Daily Bulletin

LayBy Deals