As the planet continues to warm, physical climate risk is no longer an abstract future concern. It is financially material today, with companies facing two types of threats: 

– Acute hazards such as floods, cyclones and wildfires, which arrive suddenly and inflict visible, headline-grabbing damage. 
– Chronic hazards such as extreme heat, precipitation shifts or prolonged drought, which gradually increase over time, reducing productivity, shifting consumer behavior, straining operations and depressing revenues. 

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– This contribution is brought to you by MSCI, a valued bronze event partner of Building Bridges 2025.