A new report by Swiss Re has warned that heatwaves, mould and plastic pollution are increasing risks to businesses and insurance companies.
It suggests that the true cost to human life, the economy, infrastructure, agriculture and healthcare systems is vast.
It also warns that plastic pollution could lead to a rise in litigation against companies as research indicates a link between plastics and health complications.
The report calls on businesses to respond to these issues and prepare for the risks to infrastructure and outloook.
It highlights the need to reduce fossil fuel usage to tackle climate change and plastic pollution. Fossil fuels are the primary ingredient in plastics and also the main greenhouse gases warming the planet.
The dangers posed to human health and the environment by heatwaves, fungi and plastics could result in significant financial and legal consequences.