On April 12 2018, Cape Town experienced an immediate risk of facing the dreaded ‘Day Zero’ – the day when the taps would run almost completely dry in the country’s legislative capital. The situation in South Africa was a global wake-up call that brought attention to water risk in a completely new way, with several large, global cities possibly facing a similar situation in the future. In December 2018, Nordea traveled to South Africa to speak to the companies affected.
Anders Langworth, Head of Group Sustainable Finance at Nordea, decided to visit the Alps and see effects of climate change in the region. A little over a year later, on September 25 2019, British newspaper The Guardian reported that a glacier on Mont Blanc was in danger of collapsing. With the risk of people and homes being injured and damaged by ice breaking away, roads were closed off and homes evacuated. Here is how climate change has impacted the European Alps.