Climate change: China’s construction, aerospace, car parts industries among the most vulnerable to extreme weather, says Morningstar

Companies in the car components, construction and engineering, and paper and forestry sectors are among the most vulnerable to extreme climate risks in China, according to Morningstar Sustainalytics.

Those industry groups, along with aerospace and defence, are the most exposed to asset impairment and business disruptions caused by flooding, coastal inundation and extreme heat, said the environment, social and governance (ESG) data unit of funds researcher Morningstar.