Most companies are preparing for increased costs as the planet warms, but some are ready to reap the profits that could come along with climate change, The New York Times reports.
In 2018, more than 7,000 companies submitted reports on the risks and opportunities climate change could create for their business to CDP, which used to be known as the Carbon Disclosure Project. Many firms know they could soon take a big financial hit unless they take proactive steps. For example, Hitachi Ltd., a Japanese manufacturer, said that increased rainfall and flooding in Southeast Asia could knock out some of their suppliers. Alphabet, Inc., Google's parent company, understands that rising temperatures could increase cooling costs in their "energy-hungry" data centers.
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