The double materiality assessment identified a material climate-related risk in addition to actual and potential impacts. Climate change is leading to the increased occurrence of extreme weather events such as floods, heavy rainfall, or heat waves, which may impact the operating business. This can lead to substantial damage to own buildings and technical infrastructure, and also cause business interruptions. For example, United Internet’s data centers could be impacted if their cooling systems were to fail in heat waves. Potential consequential financial losses include the loss of customers, the need to construct new buildings, repairs, conversions, and additional measures to enhance resilience in the long term, such as additional cooling systems or flood protection measures.
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