Munich Re, Rio Tinto Face Costs From Less Water, Warming

Corporations from Munich Re to Rio Tinto Group will bear rising costs from pressures on the Earth’s environment such as changes in the climate and water shortages, according to a United Nations Environment Program report.

Their success will increasingly hinge on the ability to adapt to a “rapidly” changing environment and to develop goods and services that help reduce the effect of climate change and are less reliant on water and harmful chemicals, the agency said today in a report released at Bloomberg’s London office.