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As a company focused on building a more financially inclusive and resilient society, we recognize the significant and complex challenges that climate change creates for individuals, communities, and governments globally. Rising temperatures and greater weather volatility impact how we live, eat, and work—and most aspects of our connected global economy.

One of the most pressing challenges is the significant impact of climate change on agriculture and the world’s ability to feed and sustain itself. And we recognize this as a critical area of focus for investment to develop more sustainable and climate-resilient systems. Managing food security is critical given its historical linkages to social unrest, conflict, and warfare globally.

While much has been written on the impact of rising food insecurity, this research focuses on one specific aspect of the issue—namely, how different climate change scenarios, and the resultant impact on global food production, could affect economic performance.

In partnership with the Centre for Economics and Business Research (Cebr), we have leveraged publicly available literature and research to explore and extrapolate the potential impacts of rising global temperatures on agricultural yields, and considered how this could affect economic output, labor productivity, and inflation, for 121 markets across the world.

For a deeper dive into mitigating against the impact of greater food insecurity, read Advancing food security in a connected climate crisis (PDF).

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3242397 | 12/2023

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