New Delhi, June 22 (KNN) Growing environmental issues such as climate change and water shortages are set to hit range of businesses from the power sector to the tourist industry, a United Nations report has warned.

"From extreme weather events, to rising pressures on finite natural resources, changes in the global environment will increasingly impact operating costs, markets for products, the availability of raw materials, and the reputation of businesses," the United Nations Environmental Programme (UNEP) study said.

The report titled "GEO-5 for Business: Impacts of a Changing Environment on the Corporate Sector" was released by the UNEP in the British capital, according to a media report.

But while there are huge commercial risks from extreme weather events, a loss of wildlife and habitats and growing pressure on limited natural resources, there are significant opportunities for businesses that seize the initiative.

It analysed the potential risks to 10 different sectors of the economy, and also the opportunities that many companies could get if they develop goods and services that can reduce the impacts of environmental concerns.

The report examined the impact of environmental changes the world is facing on a range of sectors, including building and construction industries, power supplies, finance, food and drink, healthcare, technology and tourism.

Climate change, which is set to increase extreme weather such as floods and droughts as well as push up temperatures, is a key concern.

Rising temperatures will hit tourism businesses, with fewer than half of the ski resorts in the north east US likely to be viable in 30 years if winter temperatures increase, while the growing zones for food crops will shift as local climates change.

Power companies will need to toughen up infrastructure or move it to protect energy supplies from extreme weather, while transport networks are also likely to be more frequently disrupted.

The report outlined the risks faced by businesses from rapid and accelerating environmental change, but also the need and demand for new sustainable products and market opportunities.

The report speaks to the reality of climate change and natural resource scarcities.

It makes the case that whether it is in water saving, or climate-proofing infrastructure, the world is going to look for solutions that in turn will drive corporate competitiveness, reputation risk and a transition to an inclusive green economy.

The report also outlines key recommendations for each of the 10 sectors, including building and construction, chemicals, power, extractives, finance, food and beverage, healthcare, IT, tourism, and transport. (KNN)