The research was conducted by London-based artificial intelligence (AI) firm Cervest, which polled firms across the UK’s largest sectors including finance, ICT, telecoms, the built environment, retail, manufacturing and hospitality and leisure.

Of the respondents, 75% said they envisioned present or future threats to their business as a result of the climate crisis, while 60% believe they will need to reframe their risk calculations in light of environmental issues. Respondents acknowledged that risks could be physical (i.e. stranded assets), transitional (i.e. the costs of investing in new technologies) and reputational…