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Dax-Konzerne bilden kaum Rückstellungen für Klimarisiken

The largest German corporations almost universally expect increasing burdens from climate change - but barely reflect these risks in their financial statements.

In this image we can see the information board, buildings, shed, trees, electric cables and sky...
In this image we can see the information board, buildings, shed, trees, electric cables and sky with clouds.

Dax-Konzerne bilden kaum Rückstellungen für Klimarisiken

Germany’s leading companies are facing growing financial threats from climate change. While nearly all DAX-listed firms expect rising costs, most have yet to set aside funds or adjust their financial reports to account for these risks. New data reveals that 14 of these major businesses have now quantified potential losses—totalling billions of euros.

Fourteen DAX companies have voluntarily shared climate risk estimates with the CDP platform. Together, they report maximum potential losses of €3.8 billion. BMW, for example, could face damages of up to €900 million, while RWE has also disclosed significant exposure.

Despite these warnings, few firms have taken concrete steps. Most have not created financial reserves or included climate risks in their official statements. Only a small number have invested heavily in improving resilience against extreme weather or regulatory changes. Experts argue that the true scale of the problem may be worse than reported. Annika Zawadzki of BCG suggests companies often downplay the financial impact of climate disasters. Without stronger action, the gap between expected costs and actual preparedness could widen further.

The findings highlight a clear trend: DAX companies recognise climate risks but remain slow to act. With potential losses running into billions, the lack of provisions and investments leaves many exposed. Financial regulators and investors may soon push for stricter reporting and mitigation measures.

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