$1.3 Trillion in Climate Risk and Your Business Is Exposed
6 Apr 2026 · 9 min
Will Richardson covers ten climate stories reshaping business strategy, from half a million UK homes facing unsellability by 2050 to $1.3 trillion in climate risk on corporate balance sheets. Listed companies are exposed. A UK jury held Meta and Google liable for addictive features, marking a social-media tobacco moment.
Chapters
Hey, thanks so much for listening. I would love to be able to help you more on what it is that you are listening to and why you're listening to, to me. If you could click on the link in the show notes, that would be awesome because it will help me define what it is that we should be talking about on this podcast. Before we start, Half a million UK homes could become unsellable in the next 25 years, and listed companies are facing $1.3 trillion in climate risk this year alone. Stay to the end for 3 environmental facts that will blow your mind. This week in sustainability, here are your top 10 stories ranked by what the world is talking about most. Number 10: The vape van, not working yet? This one matters for any organization looking at waste reduction targets and circular economy commitments. The UK single-use vape van was supposed to tackle the growing e-cigarette waste mountain. Fresh figures suggest it is far from solved. The waste keeps piling up, and the policy clearly needs teeth. For any business with sustainability reporting, This is a reminder that policy alone does not fix supply chain waste problems. Number 9, quantum computing. Your data security has a deadline. If your organization handles sensitive data, and that is every organization over £50 million turnover, this one is for you. Google is warning that crypto— cryptography as we know it needs to be quantum-proof by 2029. They are hedging their own bets, investing in a neutral atom approach alongside their existing quantum chips. The message is clear: post-quantum cryptography is no longer theoretical. It is a boardroom conversation. Number 9. Number 9? Number 8. Gas boiler industry versus heat pumps. The legal battle heats up. Any organization with a property portfolio, the heating transition is about to get very real. ClientEarth has sent legal letters to number 10 gas industry firms alleging they are deliberately undermining the UK's heat pump rollout. This is fossil fuel incumbency being challenged through the courts. If you are planning building upgrades, the direction of travel could not be clearer. Number 7, social media's big tobacco moment. This is a direct hit for media marketing and advertising professionals. A Los Angeles jury found Meta and Google liable for harming a teenage girl with addictive features. This is the first time plaintiffs have successfully sidestepped Section 230. Australia has already banned under-16s from social media. For anyone managing advertising, spend, or brand safety, the platform landscape is shifting under your feet. Number 6, UK green workforce grows 28% in a decade. Whether you're hiring sustainability talent or building a team, this data matters. ONS figures show the UK's green workforce has expanded by 28% over the last 10 years. That is encouraging, but competition for skilled professionals is Fierce. Organizations that invest in upskilling now will have the edge. Those that wait will pay more later. And don't we know it. Number 5, corporate net zero. Radisson, Toyota, Openreach show how it is done. Go Abby, she's been on our podcast. From Openreach, F&B companies with hospitality or property operations, take note. And if you run a fleet, Openreach just showed you the playbook. Radisson Group is targeting 100 net-zero hotels by 2030. Toyota is celebrating the success of its UK recycling facility. And Openreach has partnered with Google AI to slash 10,000 tonnes of CO2 from its van fleet. These are not pledges. These are organizations delivering measurable results right now. Number four, climate risk hits the balance sheet. One point three trillion dollars exposed. Every listed company with climate exposure needs to read this, and that is essentially every listed company. Climate risk could cost listed firms one point three trillion dollars this year alone. Meanwhile, flood risk analysis suggests half a million UK homes. Could become unsellable by 2050. The financial case for climate action is no longer about future risk. It is about present-day value destruction. Number 3, AI is reshaping business whether you are ready or not. Media, marketing, and advertising companies, this is your wake-up call. NVIDIA's Jensen Huang says every company in the world needs OpenCLAW strategy EY agrees, but admits they are still figuring out their own. Meanwhile, a journalist jailbroke an AI agent doing PR outreach and got it to leak confidential media lists. The agent even had its email access revoked after spending £1,426 on a catering order without approval. AI is powerful, but without guardrails, it is a liability. Number 2, UK policy blitz. Future Homes, Scottish Plan, and a billion for e-trucks if you build, buy, or lease property in the UK, or if you operate a commercial fleet. These policy shifts will directly affect your bottom line. The UK government has confirmed the long-awaited Future Homes Standard. Scotland has published a sweeping new climate change plan And there is a £1 billion budget to electrify the UK's truck fleet. 3 major policy moves in 1 week. The regulatory direction is locked in and business needs to plan accordingly. Number 1, clean energy boom. UK Wind records, records the $3 trillion opportunity. This is the story of the week. It matters for every sector, every supply chain, and every energy bill. Britain's wind farms have set a world-leading generation record. Vestas is eyeing a €250 million offshore wind factory in Scotland. Port Talbot is advancing plans to become a floating offshore wind hub. And the IEA says the global clean tech market could more than double to $3 trillion By 2035. Clean energy is not coming, it is here. I actually looked at our grid this morning and we were just at 56%, just this morning. I think fossil fuels were about 22%. So, I mean, it really is here. It is accelerating faster than most boardrooms realize. Top 3 mind-blowing environmental facts from this week. Number one, Britain's wind farms set a world-leading generation record, producing more electricity from offshore winds than any country ever has in a single period. The global clean tech market is on track to more than double to $3 trillion by 2035, according to the IEA. And, and number three, an AI agent left unsupervised spent £1,426 on a catering order without human approval and leaked confidential media contact list when a journalist asks for its raw logs. If you want to be a part of our network, please DM me or comment below.
Grab free access to Will's Substack while it lasts. Every week we pull together the top sustainability stories from dozens of trusted sources. Then he breaks down The big issues facing business right now in plain, practical terms. Link in the description.
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