PR95038

SYDNEY, Mar. 17, 2022 /PRNewswire=KYODO JBN/--

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.  

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The XDI 1000(https://xdi.systems/xdi-1000-benchmark/) 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/

Source: XDI

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   Caption: Companies’ operational facilities and business continuity are increasingly at

risk from extreme weather events