More than half of Canadian businesses took financial hits last year from extreme weather, yet a large majority of executives say their companies lack the time and resources to prioritize cutting carbon emissions, a new survey finds.
“Around 90 per cent of businesses are seeing the impacts of extreme weather and right around that same number are those who want to make more investments and support climate-related goals. So they’re connecting the dots from our perspective,” said Roopa Davé, partner and national climate risk leader at KPMG.
KPMG surveyed top executives and owners of companies with annual revenues ranging from above $10-million to more than $1-billion in industries such as transport, health, mining, oil and gas, and retail.
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