Extreme weather hit profits at over half of Canadian businesses: survey

TORONTO — A new survey of business leaders finds the vast majority are concerned that climate change will hit their operations this year while more than half report that it's already affected profits.

The survey released Wednesday found 56 per cent had seen profits affected last year by extreme weather events made more likely by climate change, whether it was forest fires, flooding or extreme heat. Davé said companies are starting to treat climate risks like other enterprise risks, but that most are just starting to grapple with the implications.Companies are having to figure out what kind of direct hits they will feel to extreme weather events, and the implications climate change might have for their business model.

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Extreme weather hit profits at over half of Canadian businesses: surveyTORONTO — A new survey of business leaders finds the vast majority are concerned that climate change will hit their operations this year while more than half...
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