The haze is back, and it's a reminder of the real cost of climate risk. The World Bank says Malaysia could lose up to 8.3% of GDP by 2050 in a worst-case climate scenario, with roughly half of that impact already showing up in the data today. Malaysia is also estimated to need about RM3.5 trillion for climate adaptation and resilience financing to avoid that scenario.

Jimmy Tee, Partner, Sustainability and Climate Change and Financial Services Assurance at PwC Malaysia, discusses what climate risk actually means for a business, and what owners can practically do about it.

We get into:


The exposure right now: Which Malaysian industries are most exposed to climate risk, and how businesses are already being affected today, not in 2050.


The insurance gap: Why two-thirds of an estimated RM4 billion in losses from the 2021 floods were never insured, and whether suitable cover even exists.


Building resilience: What actually building resilience looks like on the ground, and whether it requires major capital spend or smaller, lower-cost steps.


The cost of doing nothing: Whether inaction itself is a risk, and where the opportunity is hiding inside what looks like a cost.

The haze is back, and it's a reminder of the real cost of climate risk. The World Bank says Malaysia could lose up to 8.3% of GDP by 2050 in a worst-case climate scenario, with roughly half of that impact already showing up in the data today. Malaysia is also estimated to need about RM3.5 trillion for climate adaptation and resilience financing to avoid that scenario.Jimmy Tee, Partner, Sustainability and Climate Change and Financial Services Assurance at PwC Malaysia, discusses what climate risk actually means for a business, and what owners can practically do about it.We get into:<ul><li>The exposure right now: Which Malaysian industries are most exposed to climate risk, and how businesses are already being affected today, not in 2050.</li><li>The insurance gap: Why two-thirds of an estimated RM4 billion in losses from the 2021 floods were never insured, and whether suitable cover even exists.</li><li>Building resilience: What actually building resilience looks like on the ground, and whether it requires major capital spend or smaller, lower-cost steps.</li><li>The cost of doing nothing: Whether inaction itself is a risk, and where the opportunity is hiding inside what looks like a cost.</li></ul>

Helping you navigate the ever-changing universe of business, from headlines to the bottom line

Helping you navigate the ever-changing universe of business, from headlines to the bottom line