Japan Firms Win Big Benefits From Spending on Climate Resilience, CDP Says

Core Insights - Japanese companies are expected to gain more benefits from climate resilience spending compared to global counterparts, as they face significant disruption risks from natural disasters like earthquakes and flooding [1] - CDP reports that for every $1 invested in mitigating physical climate risks, Japanese firms could see a return of $12, significantly higher than the global average of $6 [2] - A strong commitment to climate targets is observed among companies engaging with CDP, with less than 4% of them altering their goals despite challenges faced by some global firms [3] Group 1 - Japanese businesses are at the forefront of addressing climate risks and opportunities, with a proactive approach to environmental challenges [2] - The Japanese government has enhanced safety protections for workers in response to extreme summer heat, indicating a growing focus on climate resilience [1] - CDP's analysis includes data from approximately 24,800 global companies that disclosed their environmental impact last year [3] Group 2 - The return on investment for Japanese companies in climate resilience is notably high, suggesting a strong potential for financial gains through sustainable practices [2] - High-profile global companies have been revising their climate goals, contrasting with the commitment shown by Japanese firms [2][3] - The ongoing commitment to climate targets among CDP-engaged companies reflects a broader trend of sustainability in corporate strategies [3]