Across the world, businesses’ operations are increasingly affected by extreme weather events or slow changes in temperature and sea levels. The financial impacts can be far-reaching: flooding and sea surges for example, can cause damage on production facilities and lead to interruptions in the supply chain, while heat waves may threaten agricultural production and disable workers.
Climate scientists expect the frequency and severity of natural hazards to increase. These natural hazards include windstorms, sea-surges, heavy precipitation, floods, droughts and heat waves. Impacts that scientists were expecting over a much longer time horizon, like sea level rise, are already happening today.
The ClimINVEST project aims to facilitate financial decision-making by offering tailored indicators, tools and maps for investors. Together with Wageningen University & Research, CAS is responsible for communicating and visualizing physical climate risks for companies in the financial sector: MVGM and PGGM.