More frequent and extreme weather events pose increasing risks to employee health and business performance
Risk analysis conducted by the newly formed
- CEOs acknowledge extreme weather will be one of the most critical threats to their businesses in the next year.
- Yet only 17% of CEOs have invested in strategies to better protect employees from climate health risks.
- Exposure to more frequent extreme heat, poor air quality and unprecedented weather events directly impacts physical and mental health and exacerbates underlying chronic conditions.
- Extreme heat alone now generates a productivity loss of more than 295 billion work hours per year worldwide.
- The Commission will gather data to further quantify the implications for health care costs; develop recommended actions for mitigating risks; and identify innovative solutions for protecting employees.
Representing a diverse group of prominent
"In our efforts to protect the future health of our planet, we can't overlook the significant health vulnerabilities facing our workforce today," said Dr.
Titled Climate and Health: The Increasing Risks to Our People-Powered Economy, the Commission's analysis released today includes data points from a range of recently published studies on climate and employee health. It also highlights unique insights from more than 100 interviews with C-suite executives and other business leaders, public health officials, and climate science experts, alongside quantitative findings from a
Additional insights from the Commission's risk analysis include:
- Disconnect between awareness and action: While CEOs acknowledge the critical threat of extreme weather to their businesses in the upcoming year, fewer than 1 in 5 business leaders feel fully prepared to address climate-related health risks, according to Mercer.
- Unequal distribution of risk: While the current climate poses health threats for everyone, employees from under-resourced and marginalized communities often live in areas with the highest morbidity and mortality risks due to changes in temperature and air quality, according to the
Kaiser Family Foundation . - Impact on existing conditions and costs: The increased severity of extreme weather not only poses immediate physical health risks but also exacerbates existing physical and mental health conditions. In the
U.S. , 62% of people with employer-based insurance have at least one chronic condition. - Advantage of proactive investment: Companies willing to invest in mitigating health risks have a competitive advantage. For every dollar saved in health care costs, employers can realize an estimated
$2.30 in improved performance and productivity.
"Employees today face an array of climate-related health risks, which leaves businesses vulnerable to fractures," said Susan Potter, president, Mercer
Together with the Commission, we hope to educate and engage employers on how to assess and quantify these risks and to create health and benefits strategies that help employees live well and build their resilience."
"
The Commission comprises business leaders with broad functional expertise as well as thought leaders across science, medicine, and health policy, including:
- Dr.
William Frist (co-chair), former majority leader,U.S. Senate , and partner,Frist Cressey Ventures Susan Potter (co-chair), president, MercerU.S. andCanada - Dr.
Georges Benjamin , executive director,American Public Health Association - Dr.
Brian Castrucci , president and CEO, deBeaumont Foundation Gary Cohen , president and founder, Health Care Without Harm- Dr.
Howard Frumkin , senior vice president,Trust for Public Land , and professor emeritusUniversity of Washington Jane Gilbert , chief heat officer,Miami-Dade County, Florida - Dr.
Pam Hymel , chief medical officer, Disney Experiences Abner Mason , founder and CEO,SameSky Health Hakon Mattson , chief sustainability officer, Elevance Health- Dr.
David Michaels , former assistant secretary of labor,U.S. Occupational Safety and Health Administration (OSHA) and professor,George Washington University - Dr.
Judy Monroe , president and CEO,CDC Foundation - Dr.
Lisa Patel , clinical associate professor, Stanford Medicine, and executive director,Medical Society Consortium on Climate and Health - Dr.
Adam Seidner , chief medical officer, TheHartford Lawrence Sloan , CEO,American Industrial Hygiene Association - Dr.
Sohini Stone , chief medical officer global employee health, Google
The Commission will:
- Raise awareness of extreme weather threats to employee health through educational programs and workshops.
- Quantify the risk by creating an interactive financial projection tool to help employers understand their individual risk profile and forecast the magnitude of their climate-related health costs over time.
- Develop recommended actions for mitigating climate-related health risks, supported by research on the benefits of climate-protective measures.
- Foster peer-learning communities to share strategies and experiences in addressing climate-related health risks.
- Promote innovative solutions to climate-related health impacts, collaborating with startups and researchers to develop new tools and practices.
"Our health is directly linked to the health of our physical environment. As a healthcare company with an integrated whole-health approach, we acknowledge our responsibility to preserve and improve the health of our members, communities and our own workforce," said Hakon Mattson, chief sustainability officer,
"It's important for employers today to understand and address the mental and physical toll on
"Building a climate-resilient workforce is the next urgent health challenge we must address," said
To download a copy of Climate and Health: The Increasing Risks to Our People-Powered Economy and to learn more about the National Commission on Climate and Workforce Health visit ClimateHealthCommission.org.
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About Mercer
Mercer believes in building brighter futures by redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being. Mercer's approximately 25,000 employees are based in 43 countries and the firm operates in over 130 countries. Mercer is a business of
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