Browsing: impacts of the climate emergency in Africa

• Climate emergency has been a new concern in businesses across the markets 
• From those polled 87 per cent of respondents agreed to some extent that they were concerned about physical climate risks
• 72 per cent of corporates surveyed had experienced an extreme weather event in the last five years

Nearly four out of every five businesses in many of the countries most vulnerable to the impacts of the climate emergency are already suffering the consequences of a rapidly changing environment.

The startling finding is contained in British International Investment’s third annual Emerging Economies Climate Report – a survey of its investee businesses in Africa, Asia and the Caribbean. The report is a joint effort between Grantham Research Institute on Climate Change and the Environment and ODI, the global think tank.

BII, Managing Director and Head of Climate, Diversity and Advisory Amal-Lee Amin says that that 79 per cent of companies …