LSE Group Study Finds $1 Trillion Industry in Climate Adaptation
About 6% of revenue at Thales SA, a French aerospace and defense firm, stems from the manufacture of meteorological satellites that are used to monitor climate change.
Source: Thales SACompanies responding to the physical risks associated with climate change are seeing a measurable financial benefit, according to a study by London Stock Exchange Group Plc.
The bourse operator’s research found that more than 2,100 companies were able to generate over $1 trillion of combined revenues last year from products and services that contribute to so-called climate adaptation. The study looked at companies in sectors ranging from logistics to food processing and real estate, LSEG said on Monday.