Extreme Weather Costs Companies $320 B, Threatening Profitability
In 2023, climate‑fueled disasters erased over $320 billion from the global economy, a hit larger than Finland’s GDP. Reuters reports firms are already seeing higher insurance premiums, supply‑chain disruptions and balance‑sheet strain, and many still postpone climate‑risk action, risking bigger losses. This pressure could reshape capital allocation and regulatory focus.