Why more than three-quarters of firms have taken a revenue hit from climate change this year

Capgemini’s latest report shows climate change has moved from a sustainability concern to an immediate business risk: 77% of organizations say it affected revenue this year, with supply chain disruption and IT outages among the biggest impacts. For CIOs and technology leaders, the strategic implication is clear—resilience, continuity planning, and high-quality sustainability data are now core IT priorities, and many firms will need to invest in data governance and decision systems to support climate adaptation. The report also highlights a growing tension for IT: AI can help optimize sustainability efforts, but leaders are increasingly expected to measure and manage AI’s energy, water, and carbon footprint as well.