‘Exponential’ increase in climate litigation could pose major financial risk for companies

Assessing the likely costs of climate litigation remains highly challenging for businesses, says S&P Global Ratings

The number of climate-related legal cases being filed globally has increased fourfold in the past 10 years, concludes analysis by S&P Global Ratings. According to the rating agency, 2,410 cases were lodged in national and international courts last year, compared to 581 in 2013.