Skip to main content
The Actuary: The magazine of the Institute and Faculty of Actuaries - return to the homepage Logo of The Actuary website
  • Search
  • Visit The Actuary Magazine on Facebook
  • Visit The Actuary Magazine on LinkedIn
  • Visit @TheActuaryMag on Twitter
Visit the website of the Institute and Faculty of Actuaries Logo of the Institute and Faculty of Actuaries

Main navigation

  • News
  • Features
    • General Features
    • Interviews
    • Students
    • Opinion
  • Topics
  • Knowledge
    • Business Skills
    • Careers
    • Events
    • Predictions by The Actuary
    • Whitepapers
    • Moody's - Climate Risk Insurers series
    • Webinars
    • Podcasts
  • Jobs
  • IFoA
    • CEO Comment
    • IFoA News
    • People & Social News
    • President Comment
  • Archive
Quick links:
  • Home
  • The Actuary Issues
  • February 2015
02

Chinese, Italian and US firms most vulnerable to climate risk

Open-access content Tuesday 3rd February 2015 — updated 5.13pm, Wednesday 29th April 2020

Firms in China, Italy and the US are most vulnerable to climate risks, according to research.

2

Based on data collected from 3,396 companies across 11 countries, the report Supply Chain Sustainability Revealed: A Country Comparison said firms in these countries faced high exposure to climate risks but undertook "relatively little in the way of mitigation".

Written by Accenture and commissioned by the CDP (formerly Carbon Disclosure Project), the report said China was the world's biggest carbon emitter and was therefore facing "acute climate risks".

Canada, India and Brazil were considered "inactive" in the sustainability risk and response matrix, as firms in these countries faced low exposure to risk, thus they were unconcerned about climate risks.

Indian and Canadian suppliers were blamed for "not doing enough" to manage climate change risks. The report said: "Indian companies, in particular, demonstrate a low propensity to report on emissions." 

However, China and India delivered the greatest return on investment when they invested in emission reduction initiatives. 

Paul Simpson, chief executive officer at CDP said: "It is particularly exciting to see such a strong appetite for collaboration and superior financial returns on initiatives to reduce emissions from Chinese and Indian suppliers.  This should attract investment, which in turn will drive greater action within these high emitting markets."

Of the 11 countries analysed Brazil had the lowest proportion of firms setting emission reduction targets, with only 26% of firms doing so. The report said: "Brazilian suppliers come last in terms of emissions target setting and investment."

France, the UK, Spain and Germany were the most sustainable economies in supply chain. According to the report, these countries faced low risk exposure but had taken extensive measure to manage climate risks.

Although Japan faced high exposure to risks, it was "well-equipped" to respond to these.

This article appeared in our February 2015 issue of The Actuary .
Click here to view this issue

You may also be interested in...

Greek elections © Shutterstock

Conflict, sluggish growth and low oil prices increase supply chain risk

Global supply chain risk increased at the end of last year, with the CIPS Risk Index (CRI) indicating a rise for the first time in five quarters.
Thursday 12th February 2015
Open-access content
2

IFoA updates Pakistan Society of Actuaries conference on UK developments

Tuesday 3rd February 2015
Open-access content
2

TW team towers over the world on Kilimanjaro

Tuesday 3rd February 2015
Open-access content
2

A colourful evening

Tuesday 3rd February 2015
Open-access content
2

Early starter

Tuesday 3rd February 2015
Open-access content
2

Black runs and raising funds

Tuesday 3rd February 2015
Open-access content

Latest from Risk & ERM

KV

Liability-driven investments: new landscape

What now for liability-driven investments, after last year’s crash in the market? Pensions experts Rakesh Girdharlal and Moiz Khan say it should lead to a more balanced approach
Wednesday 1st February 2023
Open-access content
cj

Natural capital investing

Chris Howells and Andrew Dreaneen discuss how today’s investments in natural capital profit portfolios as well as the planet and humanity
Wednesday 1st February 2023
Open-access content
bl

'Takaful' models of Islamic insurance

Ethical, varied and a growing market – ‘takaful’ Islamic insurance is worth knowing about, wherever you’re from and whatever your beliefs, says Ali Asghar Bhuriwala
Wednesday 1st February 2023
Open-access content

Latest from February 2015

Next UK government urged to adopt five pension measures

The next government has been urged to adopt a five-point plan to combat current issues with pensions.
Friday 27th February 2015
Open-access content
2

Record 59% of UK employees have pensions

The proportion of employees with workplace pensions in 2014 was 59%, according to research.
Friday 27th February 2015
Open-access content
2

European hotel investment transactions increase to €14.4 billion

The value of European hotel investment transactions in 2014 was €14.4bn (£10.4bn) – an increase of 86% from 2013.
Thursday 26th February 2015
Open-access content

Latest from small_opening_image

2

COVID-19 forum for actuaries launched

A forum for actuaries has been launched to help the profession come together and learn how best to respond to the deadly coronavirus sweeping the world.
Wednesday 25th March 2020
Open-access content
2

Travel insurers expect record payouts this year

UK travel insurers expect to pay a record £275m to customers this year as coronavirus grounds flights across the world, the Association of British Insurers (ABI) has revealed.
Wednesday 25th March 2020
Open-access content
2

Grim economic forecasts made as countries lockdown

A sharp recession is imminent in the vast majority of developed and emerging economies as the deadly coronavirus forces businesses to shut down across the world.
Tuesday 24th March 2020
Open-access content

Latest from 02

Next UK government urged to adopt five pension measures

The next government has been urged to adopt a five-point plan to combat current issues with pensions.
Friday 27th February 2015
Open-access content
2

Record 59% of UK employees have pensions

The proportion of employees with workplace pensions in 2014 was 59%, according to research.
Friday 27th February 2015
Open-access content
2

European hotel investment transactions increase to €14.4 billion

The value of European hotel investment transactions in 2014 was €14.4bn (£10.4bn) – an increase of 86% from 2013.
Thursday 26th February 2015
Open-access content
Share
  • Twitter
  • Facebook
  • Linked in
  • Mail
  • Print

Latest Jobs

Investment Consultant

Scotland / Scotland, Edinburgh / London, England
Up to £70000.00 per annum
Reference
148689

Market Risk Capital Actuary/Quant

London (Central)
£65,000 - £115,000 plus bonus and package
Reference
148688

Experience Analysis Contractor

England
Negotiable
Reference
148687
See all jobs »
 
 
 
 

Sign up to our newsletter

News, jobs and updates

Sign up

Subscribe to The Actuary

Receive the print edition straight to your door

Subscribe
Spread-iPad-slantB-june.png

Topics

  • Data Science
  • Investment
  • Risk & ERM
  • Pensions
  • Environment
  • Soft skills
  • General Insurance
  • Regulation Standards
  • Health care
  • Technology
  • Reinsurance
  • Global
  • Life insurance
​
FOLLOW US
The Actuary on LinkedIn
@TheActuaryMag on Twitter
Facebook: The Actuary Magazine
CONTACT US
The Actuary
Tel: (+44) 020 7880 6200
​

IFoA

About IFoA
Become an actuary
IFoA Events
About membership

Information

Privacy Policy
Terms & Conditions
Cookie Policy
Think Green

Get in touch

Contact us
Advertise with us
Subscribe to The Actuary Magazine
Contribute

The Actuary Jobs

Actuarial job search
Pensions jobs
General insurance jobs
Solvency II jobs

© 2023 The Actuary. The Actuary is published on behalf of the Institute and Faculty of Actuaries by Redactive Publishing Limited. All rights reserved. Reproduction of any part is not allowed without written permission.

Redactive Media Group Ltd, 71-75 Shelton Street, London WC2H 9JQ