Abstract

The CDP report “Climate Change Resilience in Europe” provides actionable insight for businesses and serves as an invaluable tool to facilitate informed decision making by business leaders, governments and policy makers across Europe.

The report’s key findings include:

• Businesses identify two climate risks by climate change for every one opportunity (responding companies identified 780 risks compared to 379 opportunities).
• The most anticipated risk companies cite is a reduction or disruption in production capacity (32% of all reported risks).
• Two in five companies anticipate increased demand for existing goods and services (43% of all reported opportunities). One in five expect new products or services to be profitable in a changing climate (18% of all reported opportunities).
• Risks are perceived differently across sectors, with financial companies accounting for nearly one third of all critical risks mentioned in the survey (33%), followed by consumer discretionary companies (25%).