Managing the physical risks of climate change, such as extreme flooding, wildfire weather and hurricanes, means identifying those risks most likely to impact your business, supply chain partners and customers.
To understand your assets’ increasing exposures to climate-related perils and prevent premiums spiralling, you need to identify physical climate risks accurately. Because accurate climate risk identification informs more effective and efficient quantification and adaptation strategies, delivering better business value while enabling compliance with evolving climate reporting obligations.
Benefit from more effective and efficient climate risk identification, quantification of your exposure, management and reporting with Climate Diagnostic.
It lets you evaluate the specific exposures of your global assets to climate change, as well as those of your partners and customers with dynamic and actionable physical climate risk analytics based on industry-recognized data, our proprietary climate risk datasets and the latest scientific projections.
With Climate Diagnostic, you can develop targeted climate risk management that delivers better return on investment while being more closely aligned with your evolving climate reporting disclosures.
How can Climate Diagnostic enable targeted physical climate risk management and sustainability?
Climate Diagnostic delivers:
Actionable risk views of your global assets that predict the impacts of a wide range of physical climate risks in alternative climate scenarios and over shorter, medium and longer-term time horizons
Stronger portfolio resiliency by identifying which assets or properties have the highest physical risk now and decades into the future to prioritize climate risk mitigation and adaptation measures
Alignment with regulator and stakeholder climate reporting expectations and respond to evolving climate reporting requirements with multifaceted and dynamic physical climate risk analytics
Climate Diagnostic key features – Dynamic and actionable physical climate risk analytics
- Shows exposures to acute physical climate risks (those arising from changes in event-driven hazards, such as hurricanes and extreme flooding) and chronic physical climate risks (those driven by longer-term shifts in climate patterns, such as heat stress, sea-level rise, precipitation and wildfire weather) under multiple climate scenarios
- Assess both acute and chronic climate risks over shorter and longer-term views, evaluating your global exposures over time horizons to 2030, 2050 and to 2100
- Explore risks via an atlas of interactive maps to see climate risk projections for your locations and individual assets across the globe
- Get physical climate risk scorecards at location level, comparing current versus future climate risk by asset location as required
- Adapt your climate view by both time horizon and climate scenario to project your exposure for the latest Shared Socioeconomic Pathways (SSP/RCP) 2.6, 4.5 and 8.5, the scientific standard climate projection scenarios, based on greenhouse gas concentration
- Generate executive summaries and dynamic risk dashboards plus downloadable reports, making it easier to articulate and agree on climate risk management priorities with multiple stakeholders
