Disconnected Defenses: Extreme Weather Risk Across Corporates, Cities and Financial Systems

Extreme weather is already shaping financial outcomes across the real economy.

Losses are no longer confined to isolated assets or sectors, but increasingly emerge through shared systems – including infrastructure, supply chains, insurance markets and public services – on which companies, cities and financial institutions all depend.

Drawing on disclosure data from companies, insurers and subnational governments, this insight examines how extreme weather risks are being identified today, where perceptions diverge across actors and why those gaps matter for economic and financial resilience.

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