Climate change is becoming a financial issue for British companies, research shows, with 84% of UK organisations having felt the impact of climate change on revenue. This figure was 11% last year, marking a significant increase.
Capgemini’s latest report demonstrates that just 28% of UK organisations have conducted climate risk assessments across their extended value chain, despite El Nino holding the potential to wreck further havoc on energy.
Climate risk is at the forefront of conversations surrounding business security and longevity, simply due to the increase of events such as El Nino, climate change, the increase in weather volatile renewables and more.
This is backed by fact, as 77% of UK executives said their sustainability investments are driven by business value, whilst organisations need to protect operations.
Geopolitical tensions mean that 61% have changed their organisations priorities in sustainability initiatives. The Hormuz straight is but a sample of how one stream can disrupt global supply and demand.
As a result, businesses are looking to be able to withstand any future disruption, having woken up to the reality of geopolitical causes becoming more and more frequent in recent years.
*Quote from Sarah is on its way*
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