1、Business on the Edge:Building Industry Resilience to Climate HazardsI N S I G H T R E P O R TD E C E M B E R 2 0 2 4In collaboration withAccentureImages:Getty Images,UnsplashDisclaimer This document is published by the World Economic Forum as a contribution to a project,insight area or interaction.T

2、he findings,interpretations and conclusions expressed herein are a result of a collaborative process facilitated and endorsed by the World Economic Forum but whose results do not necessarily represent the views of the World Economic Forum,nor the entirety of its Members,Partners or other stakeholder

3、s.2024 World Economic Forum.All rights reserved.No part of this publication may be reproduced or transmitted in any form or by any means,including photocopying and recording,or by any information storage and retrieval system.ContentsForeword 3Executive summary 51 The nature and climate crisis will h

4、it fixed assets and threaten profits 71.1 Climate hazards are forecast to increase fixed asset losses 101.2 Extreme heat is the most potent climate hazard affecting 11 fixed assets across all regions 1.3 Telecommunications,utilities and energy companies face 13 steepest fixed asset losses in next de

5、cade 1.4 Climate-driven fixed asset losses pose a growing threat 14 to corporate profitability 1.5 Utilities,travel and telecommunications sectors face the 14 highest potential earnings shocks 2 Earth systems on the brink of tipping beyond the point of no return 162.1 Our planets life-support system

6、s are severely threatened 172.2 Five Earth systems are at imminent risk of tipping today 172.3 Over 20 other Earth systems could be destabilized 242.4 Economic models fail to encompass the full scope 24 of Earth system tipping point risks 3 How climate hazards threaten socio-economic systems 253.1 F