{"id":203322,"date":"2026-08-25T08:00:46","date_gmt":"2026-08-25T13:00:46","guid":{"rendered":"https:\/\/libelula.com.pe\/?p=203322"},"modified":"2026-08-25T19:08:15","modified_gmt":"2026-08-26T00:08:15","slug":"riesgos-climaticos-estados-financieros-el-nino","status":"publish","type":"post","link":"https:\/\/libelula.com.pe\/en\/riesgos-climaticos-estados-financieros-el-nino\/","title":{"rendered":"El Ni\u00f1o will also affect the financial statements"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"203322\" class=\"elementor elementor-203322\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9daf240 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9daf240\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2c46c23\" data-id=\"2c46c23\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a2dd356 elementor-widget elementor-widget-text-editor\" data-id=\"a2dd356\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The economy can affect revenue, costs, and assets. The challenge is to assess how much of the business is at risk.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-90bd600 elementor-widget elementor-widget-text-editor\" data-id=\"90bd600\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong><i>Marian Buraschi<br \/><\/i><i>Partner and Director of Lib\u00e9lula<\/i><\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9acfca1 elementor-widget elementor-widget-heading\" data-id=\"9acfca1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<p class=\"elementor-heading-title elementor-size-default\">Do you prefer to listen? Plays the audio here<\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-120280e elementor-widget elementor-widget-html\" data-id=\"120280e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<audio src=\"https:\/\/libelula.com.pe\/wp-content\/uploads\/2026\/08\/audioColAgosto2026.mp3\" controls style=\"width:100%\"><\/audio>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-715eb4f elementor-widget elementor-widget-text-editor\" data-id=\"715eb4f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">El Ni\u00f1o continues to keep the weather on the business agenda. ENFEN maintains its Coastal El Ni\u00f1o alert and anticipates a scenario that could intensify heading into the summer. For companies, the question should no longer be just whether they are prepared for an emergency, but how much of their business could be financially impacted.<\/span><\/p><p><span style=\"font-weight: 400;\">A disruption in logistics can reduce sales. A plant that comes to a standstill hurts production and margins. A disruption affecting a critical supplier can pass on higher costs throughout the entire supply chain. An exposed asset may lose value or require new investments. <\/span><b>Physical risk ultimately becomes financial risk.<\/b><b>\u00a0<\/b><\/p><p><span style=\"font-weight: 400;\">This is not a theoretical relationship. According to S&amp;P Global (2025), physical climate risks could result in annual costs of US$1.2 trillion by the 2050s for companies in the S&amp;P Global 1200 index, in the absence of adaptation measures. To address this challenge, some companies are already making progress in identifying their exposure: in the electric power sector, 94% of the companies assessed incorporate acute physical risks into their climate assessments. However, only 62% have taken the next step of identifying their potential financial impact.<\/span><\/p><p><span style=\"font-weight: 400;\">The problem is that many companies still manage these components separately. They may have threat maps, emissions measurements, or business continuity plans, without knowing what percentage of their revenue depends on vulnerable operations, which assets are most exposed, or how long their cash reserves would last in the event of a disruption.<\/span><\/p><p><span style=\"font-weight: 400;\">This gap is beginning to become apparent in financial standards. IFRS S2 requires companies to link climate risks and opportunities to their potential effects on cash flows, access to financing, and cost of capital. Starting in 2029, publicly traded companies, financial institutions, and unregulated companies with annual revenue equal to or greater than 2,300 UIT will initially be required to report climate and sustainability information under IFRS S1 and S2.<\/span><\/p><p><span style=\"font-weight: 400;\">Progress is also uneven. In Peru\u2019s self-assessment for the LACADI 2025 Ranking, \u201cgoals and metrics\u201d scored 52%, while \u201crisk management\u201d scored 34%. The gap is revealing: <\/span><b>Measuring and reporting may be progressing faster than incorporating climate considerations into the way business risks are identified, assessed, and managed.<\/b><\/p><p><span style=\"font-weight: 400;\">Therefore, the next step is to translate this analysis into financial information that can be used to make decisions: the percentage of vulnerable assets, revenue dependent on a particular operation, margin sensitivity, tolerable days of disruption, or investments capable of reducing a future loss.<\/span><\/p><p><span style=\"font-weight: 400;\">When that information is available, the climate is no longer a matter exclusively for the sustainability department. It becomes part of discussions regarding operations, risk, finance, investment, and the board of directors.<\/span><\/p><p><span style=\"font-weight: 400;\">El Ni\u00f1o highlights the urgency, but the challenge is ongoing. Droughts, floods, heat waves, and other events will continue to affect operations and markets. The business question is simple to ask but difficult to answer: If the climate can impact business results, do we know how much is actually at risk?<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5c578bf elementor-widget elementor-widget-image\" data-id=\"5c578bf\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"700\" height=\"931\" src=\"https:\/\/libelula.com.pe\/wp-content\/uploads\/2026\/08\/columna-ago26-700x931.png\" class=\"attachment-large size-large wp-image-203366 not-transparent\" alt=\"\" srcset=\"https:\/\/libelula.com.pe\/wp-content\/uploads\/2026\/08\/columna-ago26-700x931.png 700w, https:\/\/libelula.com.pe\/wp-content\/uploads\/2026\/08\/columna-ago26-300x399.png 300w, https:\/\/libelula.com.pe\/wp-content\/uploads\/2026\/08\/columna-ago26-768x1022.png 768w, https:\/\/libelula.com.pe\/wp-content\/uploads\/2026\/08\/columna-ago26-9x12.png 9w, https:\/\/libelula.com.pe\/wp-content\/uploads\/2026\/08\/columna-ago26-150x200.png 150w, https:\/\/libelula.com.pe\/wp-content\/uploads\/2026\/08\/columna-ago26.png 1004w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" data-has-transparency=\"false\" data-dominant-color=\"dcdddd\" style=\"--dominant-color: #dcdddd\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0568c10 elementor-widget elementor-widget-text-editor\" data-id=\"0568c10\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Column published in the <a href=\"https:\/\/gestion.pe\/opinion\/el-nino-tambien-llegara-a-los-estados-financieros-noticia\/\" target=\"_blank\" rel=\"noopener\">Journal Management <\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"El Ni\u00f1o Affects Risks, Revenue, Costs, and Assets. How to Assess Your Company's Financial Exposure.","protected":false},"author":1,"featured_media":203341,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1023],"tags":[],"class_list":["post-203322","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opinion"],"acf":[],"_links":{"self":[{"href":"https:\/\/libelula.com.pe\/en\/wp-json\/wp\/v2\/posts\/203322","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/libelula.com.pe\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/libelula.com.pe\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/libelula.com.pe\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/libelula.com.pe\/en\/wp-json\/wp\/v2\/comments?post=203322"}],"version-history":[{"count":11,"href":"https:\/\/libelula.com.pe\/en\/wp-json\/wp\/v2\/posts\/203322\/revisions"}],"predecessor-version":[{"id":203373,"href":"https:\/\/libelula.com.pe\/en\/wp-json\/wp\/v2\/posts\/203322\/revisions\/203373"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/libelula.com.pe\/en\/wp-json\/wp\/v2\/media\/203341"}],"wp:attachment":[{"href":"https:\/\/libelula.com.pe\/en\/wp-json\/wp\/v2\/media?parent=203322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/libelula.com.pe\/en\/wp-json\/wp\/v2\/categories?post=203322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/libelula.com.pe\/en\/wp-json\/wp\/v2\/tags?post=203322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}