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Companies expect US$900bn in future climate losses – but still don’t consider extreme weather as a material financial risk

Companies disclosed nearly US$3 billion in climate losses in 2025 alone.
Melodie Michel
Companies expect US$900 billion in future climate losses – but still don’t consider extreme weather as a material financial risk
Photo by A A on Unsplash

Just over a third of companies disclosing through CDP consider extreme weather as a material financial risk – yet they anticipate US$898 billion in future financial impacts from climate change.

According to CDP, 11,261 companies disclosed full environmental data through the platform in 2025, and 35% identified extreme weather events as a material financial risk. At the same time, they disclosed nearly US$3 billion in climate losses in 2025 alone, and expect US$898 billion in future financial impacts.

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