Bloomberg
Investors worldwide are underestimating the financial risks from climate change, and companies need to start disclosing their exposure, according to the International Monetary Fund. As global temperatures rise, severe climate events may impact companies owning assets in areas hit by drought, floods, wildfires and storms, the fund said in its latest report. At present, asset prices fail to reflect the risk of extreme weather events that may cost $1 trillion annually starting in 2050, it said.
