, the index was geared toward global investors proactively looking where to build future-ready, climate-resilient portfolios. To further help investors decrease their exposure to high climate change risk, the countries in the index were grouped into three resilience bands — higher, medium, and lower resilience.
With a climate resilience score of 33.2 , the Philippines was classified into “lower resilience,” which means it is more at risk from extreme environmental events such as forest fires, hurricanes, heat waves, floods, droughts, and storms. Infrastructure will be both weaker and more exposed, and disaster preparedness and response to these extreme events will be slower.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
IMF’s Georgieva says finance leaders must prepare for more inflation shocks - BusinessWorld OnlineKOENIGSWINTER, Germany — International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Thursday that global finance leaders may need to become more comfortable with fighting multiple bouts of inflationary pressures. Ms. Georgieva told Reuters that it was getting harder for central banks to bring down inflation without causing recessions, due to mounting pressures on […]
Source: bworldph - 🏆 9. / 68 Read more »
Yields on term deposits climb as market anticipates BSP hike - BusinessWorld OnlineYields on the term deposits of the Bangko Sentral ng Pilipinas (BSP) inched higher on Wednesday as investors expect the regulator to start increasing benchmark rates due to inflation risks. READ:
Source: bworldph - 🏆 9. / 68 Read more »
‘Retail apocalypse’: Wall Street shaken by inflation-induced earnings hits - BusinessWorld OnlineNEW YORK — Walmart, Target, and Kohl’s were among major retailers that reported earnings this week that missed Wall Street expectations by the widest margin in at least five years, underscoring the wallop four-decade-high inflation is bringing to US shoppers’ wallets and retailers’ bottom lines. Among 145 retailers that have reported first-quarter earnings so far, […]
Source: bworldph - 🏆 9. / 68 Read more »