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Anticipating the financial impact of climate change
The ongoing climate change situation is leading to an in- crease in the number of natural disasters such as flooding, cyclones, droughts and fires.
The increase in these events can have significant repercus- sions on economic activity.
Challenge
FINANCIAL IMPACT OF CLIMATE CHANGE
We have received reports from our insurer which conclude that our primary sites are not at risk of natural disasters and the financial impact of climate change on our company is low. However, we are entirely aware that even compa- nies located in relatively well protected areas could still be affected. Our supply chain and the procurement of our raw materials may also be affected by climate change as well as macroeconomic and geopolitical developments.
Companies located in high-risk areas (coastal regions, dry regions or those exposed to natural disasters) are particu- larly vulnerable. There are a variety of potential impacts including: increased insurance premiums, the need to rein- force infrastructure, and even potentially having to relocate business operations.
It is important to note that actions undertaken by govern- ment authorities to fight climate change, notably initia- tives aimed at developing sustainable forms of transport, could have a beneficial impact on the increase in sales of our ticketing solutions.
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