16 big Indian corporate are worried about the impact of climatic change, Infosys and TCS have expressed their areas of concerns that will an impact on their businesses in the next five years.
The Carbon Disclosure Project ensures the companies, states, cities, and regions to manage environmental impacts.
It collected the data of 200 global companies which included 16 major Indian corporate companies.
The report was made through the recorded responses in the questioners’ session and the responses hinted to the threats like water scarcities and limited availability of natural resources.
The Global Forum Carbon Disclosure Project report said “As Climate change threats are on the rise, risks to the business are also correspondingly increasing.
A group of world biggest companies representing nearly $17 trillion in market capitalization has valued the climate risks to their businesses at almost $1 trillion- with many likely to hit within the next five years,”
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According to the report, the banks like Axis Bank and SBI provides loan for the agriculture in the rural areas but due to the climatic change and dip in the rainfall, the farmers in India are suffering the major crisis which is making them incapable of repaying the loans.
"The disasters affect the production capacity and ability of industries lying in their wake. The Bank is a significant lender to all such sectors, and thus these risks also impact its own portfolio," it said.
The farmers are the backbone of our nation and the corporate companies are building our nation if they suffer we also suffer along with them. Climate change is not just a problem of one or a single business it is a significant danger for the world.
We all together can tackle this but it is already too late, we may not completely protect everything but at least we should not try.