Search
 

Are We Cooked Yet?

As the earth's temperatures rise, companies are coming to grips with how this is going to raise their risks and change their business

By Duncan Wood | Updated on June 01, 2005

In his office in Munich, Eberhard Faust has been carefully collating data on the surface temperature of the sea in the North Atlantic. Faust is head of climate risks in the geo risks research group at the world’s largest reinsurer, Munich Re, and he fears that conditions in this region of the sea–the birthplace for most of the hurricanes that strike the U.S.–are changing in a way that will make severe storms more frequent in the years ahead.

Across that ocean, in Cincinnati, Jim Stowell couldn’t help but notice that in a recent photograph of Tanzania’s Mount Kilimanjaro, the mountain’s famous cap of pristine white snow had shrunk to a dirty speck. To Stowell, a vice president for federal affairs, environmental strategy and sustainability at Cinergy Corp., one of the largest U.S. electric utilities, that meant one thing: Sooner or later, the melting snows of Kilimanjaro are going to translate into new emissions regulations for his employer.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2024 ALM Global, LLC. All Rights Reserved.