Trump, Oil of Less Concern Than Climate Change for Top Companies
- By Rachel Morison
- Jun 13, 2018
- 1 min read
The world’s biggest companies are increasingly worried about climate change.
The terms “climate” and “weather” combined were among the most frequently discussed topics among executives of Standard & Poor’s 500 companies, beating “Trump,” “the dollar,” “oil” and “recession” according to analysis of 10 years of earnings call transcripts by S&P Global Ratings.
“The effect of climate risk and severe weather events on corporate earnings is meaningful,” S&P said in the joint report with Hamilton, Bermuda-based Resilience Economics Ltd. “If left unmitigated, the financial impact could increase over time as climate change makes disruptive weather events more frequent and severe.”
HM Cotterill
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