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What Every CFO Needs to Know Now about Weather Risk Management
Sponsored By Storm Exchange
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- Abstract:
-
Corporate America has a keen new focus on risk management. Unfortunately, it suffers from a blind spot. Year in and year out, companies in a wide range of industries blame adverse weather conditions for their failure to meet sales and profit targets. No hard data has been collected on the phenomenon, but anecdotal evidence abounds.
Now, in a new benchmark study on corporate weather risk management practices commissioned by the CME Group and Storm Exchange, Inc., a decisive majority of senior finance and risk managers confirm that their businesses are significantly impacted by the weather. A stunning eight out of ten warn of a new risk: that the emergence of global climate change and accompanying volatile weather patterns will require changes to their business models in the decades ahead.
- DETAILS
- Sponsored by: Storm Exchange
- Posted: July 08, 2008
- Length: 23 pages
- Format: PDF (1450 kb)
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