The Climanomics® software platform is fully aligned with the TCFD; it assesses physical risk, transition risk as well as opportunities, as outlined by that framework.
The Climanomics® software platform assesses the following physical climate risks:
Frequency of daily maximum temperature above the 90th percentile, as compared to the baseline period (1980-2000) at the asset’s location.
Change in annual probability of drought conditions above the 90th percentile, as compared to the historical baseline period at the asset’s location. The system calculates a widely-used drought index driven by localized climate model data for temperature and precipitation.
Change in annual probability of the wildfire conditions above the 90th percentile, as compared to the baseline period at the asset’s location. The system calculates a widely-used wildfire index driven by localized climate model data for temperature and precipitation.
Changes in the annual probability of the historical 100-year coastal flood level. Based on localized projections of sea-level rise, the system models changes in the return period of extreme water levels based on data for nearly 100,000 coastal segments globally.
Changes in frequency of category 3 or higher tropical cyclones. This is based on large-scale simulation of tropical cyclones reflecting changes in several climate conditions, primarily sea-surface temperature. This is currently available for the Atlantic coast of the U.S. and nearby areas. Similar data for the western Pacific will be available later in 2020.
Changes in the annual probability of the historical 100-year riverine flood level. This is based on a model of basin-level flows and flood depths that utilizes 3 climate covariates (annual frost days, maximum 5-day precipitation, and consecutive dry days) and several topographic covariates including basin area, area of local lakes, channel slope, and impervious surface area.
We utilize the WRI Aqueduct water stress data for current and future conditions out to 2040. Pending extensions to this data, we keep the water stress values constant for the rest of the century, recognizing that this is likely underestimating these longer-term effects.
The Climanomics® software platform assesses the following transition risks:
The TCS methodology is built on the proven catastrophe risk model approach of assessing hazards, vulnerabilities, and risk, but is driven by climate model and socioeconomic model data, rather than simply initialized with historical data. Our models have been reviewed by corporate and financial risk model committees. Hazard data comes from terabytes of peer-reviewed published climate and socioeconomic models, and a key differentiator is the extensive and rapidly growing TCS library of impact functions to model the vulnerability of individual assets to individual climate-related risks.
While we offer a comprehensive onboarding program to our clients, our focus is on building the best product in the world, and to build partnerships with service providers who specialize in providing the best services in the world. TCS has built strong strategic partnerships with category-leading service providers in Engineering, Technology, Commercial Real Estate, Insurance, Management Consulting, Resilience, and Adaptation. Our partners complement the Climanomics® risk analytics with specialised value-add services. Combined with the Climanomics® platform, clients can meet all their climate-related needs with one partnered offering.
Access to the Climanomics® platform is via a 12-month subscription.