Climate Change Estimated to cost Germany 900 Billion Euros

Early this month, Reuters reported around a study that says that due to extreme weather caused by climate change, Germany could be looking at a bill of about 900 Billion Euros in total damages by mid-century. This is a direct example of how sustainability and ESG is affecting the bottom line. The study, originally from economic research companies Prognos and GWS and Germany's Institute for Ecological Economic Research comes as Berlin works on a climate strategy that is supposed to be presented by the environment ministry.