Small Businesses Around the World Fear Climate Change Effects: Zurich Survey

November 8, 2016

Warning Climate Change Just Ahead written on green road sign against clear blue sky background. Concept image with available copy spaceInsurance carriers trying to measure clients’ concerns about climate change should take note. Four out of five small and medium-sized businesses fear its impact on their bottom lines, according to a new Zurich Insurance survey.

What Zurich found: 78 percent of small and medium-sized businesses surveyed are worried that climate change is poised to significantly impact their business. Out of those who are getting anxious about climate change impacts, 22 percent said that heavy rain is the most significant climate change risk they faced, while 20 percent blamed drought, according to the survey.

Among other results:

Zurich noted that while some multinationals see business opportunities in mitigating climate change, most survey respondents didn’t see the environmental phenomenon as offering the same.

The survey polled 2,600 C-suite executives and managers at small and medium-sized businesses in 13 countries in Europe, the Americas and Asia Pacific.

Source: Zurich Insurance