Nestle, Swatch among companies exposed to physical climate risks: major investors
Companies cited are in energy, mining, food, pharma, transport, utilities
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EUROPEAN energy firms Centrica and Galp, food group Nestle and watchmaker Swatch are among 50 companies worldwide that are highly exposed to physical climate risks, investors with US$10 trillion in assets said on Thursday.
The companies, which are involved in energy and mining, food, pharmaceuticals or technology manufacturing or transport and utilities, are more exposed to issues such as flooding than other companies in their sector and region, the Institutional Investors Group On Climate Change (IIGCC) said.
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