There is a widespread and growing need for a better understanding of climate-related risks and opportunities. Regulators expect large organisations to measure, report, and disclose their risks from the changing climate to avoid financial shocks. Investors are demanding that businesses measure their exposure to climate-related risk, which they view as material and significant. And business leaders are beginning to see growing financial losses from climate-related catastrophic weather events. Further, climate change-related costs already manifest in business and industry but remain unaccounted for on balance sheets, leaving companies and investors unprepared and exposed. The Climate Service Climanomics® software platform can help.
Subscription to the Climanomics® platform enables climate risk reporting and disclosure consistent with the Task Force on Climate-Related Financial Disclosures (TCFD) framework. Subscribers use the outputs to measure and report their transition and physical risks and opportunities in financial terms under different climate scenarios.
The Climanomics® platform is trusted and subscribed to by clients including the world’s largest banks, asset managers, real estate investors, Fortune 500 firms, and public bodies including the Federal Government. These clients have identified some of the following strengths as crucial in their decision to subscribe:
Physical risk assessment models the impact of hazards including extreme temperature, drought, wildfire, coastal flooding, fluvial flooding, water stress and more, combined with a sophisticated understanding of the vulnerability of each type of asset to each type of hazard (read more about our physical risk modeling here). Transition risk assessed changing legal, regulatory, and market conditions, such as carbon pricing, legal liabilities, reputational risks, and new technologies (read more about our approach to transition risks here). The opportunities assessment incorporates energy efficiency, materials use efficiency, energy resilience, and renewable price stability (read more about our opportunity approach here).