Business
Verisk expands its resilience and sustainability analytics with new Climate Risk Dataset
LONDON, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, has added a new Climate Risk Dataset
About this update from Verisk Analytics, Inc.
[{"type":"text","content":"LONDON, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, has added a new Climate Risk Dataset to its growing suite of sustainability and resilience analytics to provide powerful, geospatial insight into one of the most pressing issues facing global business today. The Dataset, launched by its risk intelligence business Verisk Maplecroft, has been developed as an end-to-end solution for insurers, corporates, banks, and investors to identify exposures to current and future climate risks across global operations, supply chains and portfolios. Created by an in-house team of climate scientists, and based on the latest climate model projections, the Climate Risk Dataset features newly released Climate Scenarios, which assess how physical risks, such as heat, precipitation, drought, and sea level rise, evolve over time across different emissions pathways. In addition, the Dataset includes global risk indices covering climate-related socio-economic vulnerabilities and an array of transition issues to deliver a comprehensive assessment of all aspects of climate risk the world over. “Navigating the direct and indirect impacts of climate change is an imperative for multinational organisations if they are to build resilience to a heating world,” says Verisk Maplecroft’s Director of Climate and Resilience, Dr Richard Hewston. “This is dependent on effectively identifying, managing, and reporting climate risk exposures – a complex task that needs credible data you can trust.” The Climate Risk Dataset covers 32 hazards and issues globally. Its Climate Scenarios encompass 16 physical climate risks across seven time periods and three emissions pathways. This amounts to over 330 global climate hazard risk indices with subnational granularity to assist with the identification of risks to assets and specific locations. The Dataset also includes subnational socio-economic indices measuring the adaptive capacity of nations, the sensitivity of societies to climate change, and overall climate vulnerability, alongside national-level transition indices quantifying risks associated with emissions, climate litigation, carbon policies, and environmental regulations. The depth and breadth of the data will help companies: Perform global risk assessments across operations, supply chains and portf...