According to the report, natural capital risks evolve through three phases before impacting the bottom line of a business. (Photo: Shutterstock)
The oil & gas, mining, transportation and food & beverage industries rank highest in risk exposures in terms of managing the Earth's natural resources or "natural capital," according to Allianz Global Corporate & Specialty's (AGCS) latest report, "Measuring And Managing Environmental Exposure: A Business Sector Analysis of Natural Capital Risk." AGCS placed these industries in the "danger zone," meaning their risks are, on average, greater than the mitigation options currently employed.
Additionally, seven industry sectors — construction, utilities, clothing/apparel, chemical, manufacturing, pharmaceutical and automotive — were placed in the "middle zone," meaning risk and mitigation levels are approximately in balance. The telecommunications sector is the only sector to be classified in the "safe haven" zone, as it does not have a high level of risk exposure.
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Denny Jacob
Denny Jacob is an associate editor for NU PropertyCasualty360. Contact him at [email protected].
