Extreme weather to impact workplace, says MSCI
Employers and investors need to consider the effects of extreme weather on the workplace, MSCI says.
Rising levels of heat and humidity can hold back productivity or even cause walkouts, Laura Nishikawa, managing director, ESG research said in a blog post.
MSCI examined the effect of higher heat and humidity on productivity in various industries and found workers in the logistics sector particularly vulnerable. Logistics real estate companies already focus on working environments to help occupiers attract and retain staff.
“This analysis opens a new frontier in our understanding of the risks in managing the workforce of the future. As we look to a hotter future, new measures of risk — and new ways of managing it — will be critical,” she said.