• About
  • Advertise
  • Careers
  • Contact Us
Monday, June 23, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
ADVERTISEMENT
Home Business Environment

Revealed: Four out of Five Businesses in Emerging Economies Impacted by Climate Emergency

... Landmark survey by British International Investment reveals extent of the impact already being felt in countries most vulnerable to the climate emergency

by Techeconomy
March 25, 2024
in Environment
0
Climate Change and emergency in the emerging economy
Wild fire ravaging an environment

Wild fire ravaging an environment

UBA
Advertisements

Nearly four out of every five businesses in many of the countries most vulnerable to the impacts of the climate emergency are already suffering the consequences of a rapidly changing environment. 

The startling finding is contained in British International Investment’s third annual Emerging Economies Climate Report – a survey of its investee businesses in Africa, Asia and the Caribbean.

The report is being launched today at an event hosted in partnership with the Grantham Research Institute on Climate Change and the Environment and ODI, the global think tank.

The report revealed that 79 per cent of companies surveyed said that climate change was already impacting their business, up from 68 per cent in 2022.

It also found that 72 per cent of corporates surveyed had experienced an extreme weather event in the last five years with droughts, floods and heat cited as the greatest cause for concern.

Other key findings included: 

  • 87 per cent of respondents agreed to some extent that they were concerned about physical climate risks – up from 70 per cent in 2022.
  • 73 per cent of respondents agreed to some extent that they were concerned about the risks associated with a low-carbon transition – up from 66 per cent in 2022.
  • More respondents are concerned about climate change affecting business growth and viability: 61 per cent thought climate change will affect the viability and growth of their business in the next five years compared with 56 per cent in 2022.
  • More respondents agreed that climate action leads to more long-term business success and 97 per cent agreed to some extent that organisations that take steps to reduce their carbon emissions and reduce vulnerability to physical climate change risks will be more successful in the long term.
  • The majority of respondents (65 per cent) have adapted their business strategies in response to climate change; and more are calculating their carbon footprint compared with last year (45 per cent).

Survey responses varied across sectors and business types; financial services or fund managers cited fewer climate impacts, while corporates – particularly agricultural businesses – are facing more significant impacts.

While 86 percent of corporates said they are being impacted by physical and transition risks today, 68 per cent of financial services firms said the same.

Despite many respondents highlighting that acting on climate can be cost-saving and add long-term business value, they also noted they did not have the knowledge and resources to respond to climate risks and opportunities.

Respondents to the survey said they would benefit from more technical training on how to respond to the climate emergency as well as targeted investment and policy and regulatory action.

Amal-Lee Amin, managing director and Head of Climate, Diversity and Advisory, at BII, said: “Businesses and entrepreneurs across the emerging economy markets in which we operate are on the front lines of the climate emergency. Their businesses are already feeling the significant impacts of the climate emergency.

“As long-term investors in climate finance, it is the role of BII and others to equip these businesses with the capital and expertise to play a key role in the fight against the climate emergency and to safeguard their long-term viability.”

Nick Robins, Professor in Practice – Sustainable Finance at the Grantham Institute, added:

“This report shows the overwhelming demand among firms in emerging economies for targeted investment to enable them to respond to the climate crisis. For business and investors in the Global South, there is now a strategic imperative to scale up capital flows in ways that bring a just transition for workers and communities, shaping the transition so it boosts quality jobs and gender equality.”

The full Climate Report can be found here

[Featured Image Credit] 

Loading

Advertisements
MTN ADS

Author

  • Techeconomy
    Techeconomy

    View all posts
0Shares
Tags: Climate ChangeClimate Emergency
Techeconomy

Techeconomy

Next Post
Nigerian equity market, NGX, Nigerian Stock Exchange

Nigerian Equity Market Defies Global Trend, Gains N13tn in 2023 - WTF

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

Is Crypto Sports Betting a Must-Have or A Burst?

3 years ago
TD Africa and ZTE

TD Africa, ZTE Corporation Unwrap ZTE Nubia Series in Nigeria

12 months ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Translate »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.