Climate change: China’s construction, aerospace, car parts industries among the most vulnerable to extreme weather, says Morningstar
- They are among the most exposed to asset impairment and business disruption caused by flooding and extreme heat, said the ESG data unit of funds researcher Morningstar
- ‘For companies exposed to flooding and heat, the upcoming El Nino cycle will likely bring additional risk,’ says climate solutions specialist at Morningstar
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Companies in the car components, construction and engineering, and paper and forestry sectors are among the most vulnerable to in China, according to Morningstar Sustainalytics.
Those industry groups, along with aerospace and defence, are the most exposed to asset impairment and business , coastal inundation and extreme heat, said the environment, social and governance (ESG) data unit of funds researcher Morningstar.
“The industries most exposed are [those] that rely on transport and logistics hubs such as rivers and ports that are more likely to be , [which are] leading hazards of physical climate risk around the world,” Alicia White, senior product manager of climate solutions at Morningstar told the Post.
“For companies exposed to flooding and heat, the upcoming El Nino cycle will likely bring additional risk.”
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