20 Jul Companies that ignore weather risks do so at their own and shareholders’ peril
Posted at 01:37h
in Insights
Indian companies need to incorporate extreme weather events and how to prepare for them in their strategic plans
July 20, 2023 / 07:13 AM IST
A survey by consulting firm WTW revealed that Indian companies deal with climate change in a leading capacity under sustainability agenda and less as a part of corporate strategy
Three months ago Indian agrochemicals giant UPL was sitting pretty as the market leader by far in the $6 billion Indian agrochemical industry. Driven by aggressive acquisitions and smart diversifications, it had emerged as the fifth largest agrochem firm globally. The biggest post-patent manufacturer of agrochemicals, it was poised to be the biggest beneficiary of the coming patent cliff, a $6 billion opportunity in a $63 billion market.
No wonder it was a highly recommended stock.
However, its share price is…