Large UK firms are exposed to a range of physical and regulatory climate change risks through their overseas operations, sustainability analyst CDP has shown.
The finding comes in the CDP's annual assessment of carbon management and performance among the 350 largest firms listed on the London stock exchange.
FTSE 350 companies are highly multinational, operating in 145 countries. Less than a third operate exclusively in the UK. As a result, 77% of the emissions from factories and other operational sites and 83% of the emissions from electricity use come from the overseas operations of UK companies.