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Although the pandemic dominates the world’s attention, climate risk is simmering in the background, with more than 3 in 4 (77%) CEOs and CFOs of the largest companies in the world admitting their firms are not fully prepared for the adverse financial impact of a changing climate.
As distracted corporate executives close offices, plants and warehouses to reduce COVID-19 spread, other worrisome risks are emerging at these now-idle facilities, warns FM Global, one of the world’s largest commercial property insurers.
The risks of critical equipment failure and a cyber attack on industrial control systems are major concerns for 94% and 84% of Fortune 500-size companies, respectively, according to a new survey of 200 business leaders.
