Over 200 biggest global companies in the world have predicted that they face nearly $1 trillion risk from climate change, most of which is likely to be incurred over the next five years, a report said Tuesday.
The report from the international non-profit CDP, formerly known as the Carbon Disclosure Project, is based on data from 366 biggest companies, representing a market cap of $28.7 trillion as of February 13.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.