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50 About Strategy and Governance Our People Our Business Our Outcome AppendixLong-term (2100)29Sea-Level Rise (four-degree global warming scenario, IPCC SSP5 %u2013 8.5)Sea-level rise is primarily caused by processes linked to global warming, such as melting glaciers and ice sheets, and the thermal expansion of water. Furthermore, the rising sea level has multiple negative effects, such as coastal erosion, inundations, storm floods, tidal waters encroaching into estuaries and river systems, and the contamination of freshwater reserves. Hazard areas are derived from sealevel rise and elevation data for the respective projection year and scenario.8 %In the long term, 8 % of the assessed own sites have a very large to extreme hazard of sea-level rise.very lowlowmediumlargevery largeextremeno hazardHazard assessmentCurrent (2023) Medium-term (2050) Long-term (2100)Drought Stress Index (four-degree global warming scenario, IPCC SSP5 %u2013 8.5)Rising temperatures and changes in precipitation patterns can cause drier weather conditions and thus more intense and frequent drought events. In turn, these factors can have severe economic, environmental, and social impacts. The Drought Stress Index is based on the SPEI (Standardized Precipitation %u2013 Evapotranspiration Index), a multi-scalar drought index used to determine the onset, duration, and magnitude of drought conditions.In a long-term scenario, 44 % of the assessed own sites have a large to an extreme hazard level for drought stress.44%29 The Climate Change Edition of the Munich Re Location Risk Intelligence platform does not provide data for 2023 and 2050.