KISTERS unveils 2023 report on the real cost of climate change.

PRESS RELEASE – Aachen, Germany – November 17 2023

KISTERS, a global pioneer in environmental solutions with over 60 years of unwavering commitment, released its landmark 2023 report entitled “The Real Cost of Climate Change”. This analysis not only highlights the escalating financial impact of natural disasters worldwide, but also delves into the “why” behind KISTERS’ investment in this report.

At a time when the effects of climate change are becoming increasingly tangible and devastating, the world is witnessing an alarming increase in the frequency and severity of natural disasters. These events, ranging from catastrophic hurricanes to relentless droughts, are no longer rare anomalies, but rather harbingers of a new environmental reality.

KISTERS Why: A mission beyond profit.

Against this backdrop, KISTERS recognises that its mission goes beyond profit margins. The decision to invest in the 2023 Report stems from a deep belief that business can and should play a central role in addressing global challenges. With a core commitment to environmental stewardship and sustainable practices, KISTERS aims to contribute valuable insights that drive meaningful change.

Global Marketing Director for KISTERS HydroMet, Anna Wall says “The data presented in this report is a starting point – a snapshot to start a conversation. The report reflects what the data tells us at this point in time, which is why we are digging deeper into the intricacies of the story behind the numbers. We want it to fuel further conversations to help create change”.

Working with some of the world’s leading economists and climate change experts, KISTERS aim to further analyse the data, uncover nuanced insights and explore the many dimensions of the financial impact of climate change.

A wake-up call: The urgency of now.

Meticulously supported by scientific research, the report sheds light on a disturbing trend: the global financial impact of natural disasters is not just growing, it is doubling every decade. This startling revelation is a stark indicator of the escalating economic burden of these disasters, alongside their human and environmental toll.

The purpose of this report goes beyond simply documenting the facts; it is a compelling wake-up call. It aims to elevate the discourse on climate change, highlighting the need to address this crisis not only as an environmental issue, but also as an immediate financial challenge.

Beyond Profit: Investing in a sustainable future.

The report is essentially a call to arms, urging governments, businesses and individuals around the world to recognise and prepare for the economic impacts of climate change. It serves as a reminder that the costs of inaction are rapidly outpacing the investment required for sustainable solutions.

KISTERS’ ‘why’ is rooted in a commitment to leave a positive impact on the planet. By investing in research that goes beyond profit, the company aims to be a catalyst for a global shift towards a more sustainable and resilient future.

“KISTERS’ investment in this report is rooted in our belief that business can be a catalyst for positive change. Beyond financial considerations, our ‘why’ is deeply rooted in a commitment to environmental responsibility and a vision of a more resilient and sustainable future,” says Dr. Anton Felder, GM of KISTERS HydroMet.

About KISTERS.

Founded in Germany in 1963, KISTERS is a privately owned international company that has specialised in the development of data-driven environmental software, state-of-the-art environmental instrumentation and IT solutions for over 60 years. With a diverse global team of 750 experts, KISTERS focuses on solving water, weather, energy and environmental challenges, while continually pioneering innovative solutions.