Asia apparel hubs face $65 bln export hit from extreme weather, study shows

LONDON, Sept 13 - Extreme heat and flooding could erase $65 billion in apparel export earnings from four Asian countries by 2030, as workers struggle under high temperatures and factories close, research from SchrodersThe study also mapped out the supply chains of six unidentified global apparel brands operating in the four countries studied - Bangladesh, Cambodia, Pakistan and Vietnam - and found all six would be hit materially.

"Among the suppliers and the buyers we talked to, not one had their eye on these two issues ," said Jason Judd, executive director of Cornell Global Labor Institute. Understanding climate-related physical risks to companies in a warming world is critical, but the process is in its infancy with few businesses disclosing enough information and"There is so little data on this ... There are some [apparel] brands not disclosing the factory locations of their suppliers," said Angus Bauer, Schroders' head of sustainable investment research.

Using projections, the researchers analysed future heat and flooding levels to estimate what would happen under a "climate adaptive" scenario and a "high heat and flooding" scenario.

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