MILAN, Feb 25 (Reuters) – Extreme weather threatens annual revenue growth in the $2.3 trillion sports economy, where expansion is driven mainly by tourism tied to resource-depleting global events such as the just-concluded Milano Cortina Games, a report has shown.
The sector’s growth should be used to maximise social benefits such as reducing public healthcare spending and advancing gender equality.
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That entails tackling the threat the industry faces from climate change and nature loss – which it risks exacerbating through its own footprint, said Tony Simpson, partner and global sports industry lead at consultancy Oliver Wyman, the report’s authors.