Physical Climate Risk for Global Cotton ProductionPublication Date: June 2021 Cotton 2040 Project Lead: Hannah Cunneen Cotton 2040 Technical Lead: Erin Owain Forum for the Future Willis Towers Watson 51 Lime Street 3rd Floor, 22-26 Paul Street London, EC2A 4QE London, EC3M 7DQ United Kingdom United Kingdom h.cunneen@forumforthefuture Erin.Owain@willistowerswatson Authors: Approved by: Uma Pal Alastair Baglee Amanda Rycerz álvaro Linares Disclaimer This Physical climate risk for global cotton production: Global analysis (the “Report”) is provided for the sole purpose of the Cotton 2040 project (the “Project”). All information provided in the Report has been collected and provided for the sole purpose of the Project at a high level. The Report may comprise estimated summaries or projections of exposure based on certain underlying data and assumptions discussed in various workshops which included Willis Towers Watson (“WTW”), Forum for the Future and other Project stakeholders. WTW is not responsible for the underlying data (which is or may be supplied by WTW clients) or the