Nearly half of the business leaders canvassed in the KPMG survey say their costs rose for climate-related reasons, including productivity loss and insurance costs, while more than 90 per cent fear a climate-related event will hit their organization in 2024. (The Logic)
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Nearly half of the business leaders canvassed in the KPMG survey say their costs rose for climate-related reasons, including productivity loss and insurance costs, while more than 90 per cent fear a climate-related event will hit their organization in 2024. (The Logic)
Talking point: The losses (and existential worry) point to a trend: everything from forest fires to rising sea levels to the floods is increasing the cost of doing business. A University of Waterloo report showed average insurance payouts more than doubled between 2009 and 2020 compared to the previous 25 years. Canada is underinvesting in climate-risk reduction, according to a 2022 Public Safety Canada report.
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