AlphaSense review finds 478 companies mentioned El Niño, highest since 2019
This digest was compiled by AI from multiple sources — links to the originals are below.
An AlphaSense review of 1,443 corporate documents from May 1 to August 4 found 478 companies mentioned El Niño, the highest since 2019. Indian companies accounted for nearly 900 of the documents, almost 10 times U.S.-based firms, followed by the Philippines, Malaysia and Brazil. Companies in food, chemicals and banking are focused on exposure and contingency planning rather than clear sales or earnings estimates.
Key Facts
- An AlphaSense review counted 478 companies mentioning El Niño in 1,443 documents from May 1 to August 4, with 316 mentions in earnings calls, the highest since 2019.
- Indian companies accounted for nearly 900 of those documents, almost 10 times the number from U.S.-based firms; the Philippines, Malaysia and Brazil followed.
- Scientists have said a "very strong" El Niño is increasingly likely.
- A Dartmouth College 2023 study estimated losses from the 1982-83 and 1997-98 El Niño events at $4.1 trillion and $5.7 trillion over the following five years.
- Peruvian miner Compañía de Minas Buenaventura added $12 million to its capital expenditure plan to cover El Niño-related risks, Vice President of Operations Juan Carlos Ortiz said on a July 31 earnings call.
Filings and Earnings Calls
An AlphaSense review of 1,443 documents from May 1 to August 4 found 478 companies mentioned El Niño, with 316 mentions in earnings calls, the highest since 2019. Nearly 900 documents were from Indian companies, almost 10 times the number from U.S.-based firms, followed by the Philippines, Malaysia and Brazil. Companies in food, chemicals and banking led the mentions, focusing on exposure and contingency planning rather than clear estimates of sales, earnings or cash flow. EY Global Chief Sustainability Strategist Velislava Ivanova said warmer, drier and more erratic conditions from climate change make predictions more difficult from a scientific and business perspective.
Economic and Operational Impact
A Dartmouth College 2023 study estimated previous major El Niños weighed on growth, with losses from the 1982-83 and 1997-98 events at $4.1 trillion and $5.7 trillion over the following five years. Peruvian miner Compañía de Minas Buenaventura added $12 million to its capital expenditure plan to cover El Niño-related risks, Vice President of Operations Juan Carlos Ortiz said on a July 31 earnings call. Ivanova said EY is helping clients stress-test supply chains, with potential impacts lasting many years.
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AlphaSense review finds 478 companies mentioned El Niño, highest since 2019
