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The Climanomics® Risk Analytics Platform

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.

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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:

  • It assesses both physical and transition risk, allowing a comprehensive understanding of climate risk, as well as the relationship between these two risks under different climate scenarios
  • The Climanomics® platform is powered by transparent methodology and rigorous science
  • Complete global coverage of any point on the planet, and multiple climate scenarios based on the Representative Concentration Pathways (RCPs).
  • Analysis over a time horizon of 1-80 years.
  • Refined and granular analysis which starts at the property and asset level, and is then scaled-up to the company and portfolio level analysis.
  •  Technology platform built with the support of IBM which provides unparalleled security, scalability, and interoperability to meet the needs of all types of clients.

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).

Leader of the Forrester New Wave™: Climate Risk Analytics, Q3 2020

  • "Leads the pack with robust data and analytics capabilities. TCS's platform covers a growing library of hazards and vulnerabilities charted out to the year 2100, to help risk managers understand the financial impacts of climate risks under different scenarios."
  • "Is the best fit for companies that need a complete platform for climate risk. TCS is the only vendor in this evaluation that calculates the financial impacts of both physical climate risks and risks related to the global transition to a lower-carbon economy. Its methodology is aligned to the Task Force on Climate-related Financial Disclosures (TCFD)."
 

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