An upcoming report from the United Nations on the effect of climate change on global investments is expected to warn that global delays in tackling the issue are set to cost the world's biggest companies nearly £1 trillion, according to Sky News.
The broadcaster and media giant says it has seen a copy of the report, which has been written by the UN Environment Programme Finance Initiative and is due to be published later today.
According to Sky News, the report concludes that “transitioning the world to a low-carbon economy could see the assets of just 500 investment companies fall by more than £8.2 trillion.”
It will also warn that “flooding could become a much more regular occurrence as the climate changes”, Sky News says.
The UN report was written by the UN Environment Programme Finance Initiative, and included input from asset management firms around the world, among them the.
In an interview with the news channel, Dr Steve Waygood, chief responsible investment officer at UK insurance group Aviva, which contributed to the report, describes climate change as "an existential risk to our sector."
"For the governments to think that their job is done now that the Paris Agreement is signed is wrong. This remains the world's biggest market failure.” Dr. Waygood says.
The Silvertown Tunnel’s pumping system is reducing the risk of flooding, delays and costly maintenance, while supporting the long-term resilience of London’s transport network, says Ian Ireland, large pumping projects programme manager, Xylem UK.
In a TV show that will explain the complex journey of the wastewater treatment process, Lakeside Equipment Corporation is set to feature in US Public Television’s All Access program with Andy Garcia.
Environmental Services & Solutions (ESS) Expo, the UK’s largest environmental event, has released the full speaker programme for its 2025 event, which now features seven shows spanning all corners of the environmental sector, under one roof at the NEC Birmingham.
We are exhibiting at WWEM – Water, Wastewater and Environmental Management Expo, which is one of the eight exhibitions taking place at the NEC, Birmingham 17-18 September 2025 as part of ESS Expo 2025. Please come along and visit us at Stand WW-S60.
Hear how United Utilities is accelerating its investment to reduce spills from storm overflows across the Northwest.
Find out more about the remarkable career opportunities on offer at WSP - scroll down to watch the inspirational video. 
What is to be done about the UK’s failing utilities? Listen to Professor Dieter Helm explore the options to tackle the UK’s failing utilities – Thames Water, the Royal Mail and Network Rail in particular.