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Do businesses need to be worried about drought and rising temperatures?

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Our answer:

Yes, and they already are worried. We’re breaking heat and drought records worldwide, and the next few years will be the hottest of all time. Many corporate leaders recognize the escalating urgency of addressing water and drought risks and have been taking action to reduce their waste and pollution.

Is it getting hotter in here?

The planet is warming more quickly than scientists predicted, and shifts in climate patterns could exacerbate the situation. Last month was the warmest March on record, completing a 10-month streak where each month successively broke global temperature records compared to the same months in previous years. The period from April 2023 to March 2024 has been the hottest 12-month span on record, with average temperatures 1.58 degrees Celsius above preindustrial levels. Sea temperatures broke records, and Antarctica’s sea ice melted to new lows. While cyclical patterns like El Nino deserve some of the blame for the early threshold crossing, the severity of warming has scientists highly concerned.

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