Strategic Focus: Improving Climate Resilience With Digital Solutions
09 Jun, 2022
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Executive Summary
Increasingly costly extreme weather events, and the mandating of disclosures aligned with the Task Force on Climate-related Financial Disclosures (TCFD) in the UK and EU – and developing in the US – are driving the need for firms to invest in digital solutions for climate risk management. This report breaks down the key climate risk management challenges facing customers and identifies the digital solutions in which firms can invest to address these. Executives, risk managers and heads of sustainability can use this report to assess the climate risk management digital solutions that align with their requirements and which can add value to their operations.
Extreme Weather Events And TCFD Reporting Make Climate Change Risk Management A Priority
Pressure Is Building On Firms To Tackle Near-Term Climate Risks
Five Categories Of Climate Resilience Innovations That Respond To Customer Challenges
Investment In Digital Solutions For Climate Resilience Will Be Driven By Climate Strategy Ambition
Pressure Is Building On Firms To Tackle Near-Term Climate Risks
Five Categories Of Climate Resilience Innovations That Respond To Customer Challenges
Investment In Digital Solutions For Climate Resilience Will Be Driven By Climate Strategy Ambition
Figure 1. Billion Dollar Disaster Events In The US 2010-2022 (CPI-Adjusted)
Figure 2. Corporate Digital Strategies For Climate Change And Sustainability For The Next Two Years
Figure 3. Examples Of Investments And Acquisitions Of Climate Resilience Solutions
Figure 2. Corporate Digital Strategies For Climate Change And Sustainability For The Next Two Years
Figure 3. Examples Of Investments And Acquisitions Of Climate Resilience Solutions
Gro Intelligence, Anglian Water, US National Oceanic and Atmospheric Administration (NOAA), XDI Systems, One Concern, BlackRock, Santander, Bank of England, UN Office for Disaster Risk Reduction, International Energy Agency (IEA), Jupiter Intelligence, US National Centers for Environmental Information (NCEI), S&P Global, Conning, Intergovernmental Panel on Climate Change (IPCC), Verco, Ortec Finance, Nestlé Brazil, Urgentem, Planetrics, McKinsey & Company, riskthinking.AI, EU, Oasis Loss Modelling Framework, The Climate Service, Risilience, Moody’s, ISS, Ecometrica, ERM, Copperleaf, GRESB, Transition Plan Taskforce, WayCarbon, Manifest Climate, Cervest, Institutional Investors Group on Climate Change (IIGCC), Entelligent, Baringa, RMS, Mercer, Terrafuse AI, Fathom, US Securities and Exchange Commission (SEC), Munich Re, Deloitte, Climate X, CLIMsystems, UK HM Treasury, World Meteorological Organization
About the Authors
Alice Saunders
Industry Analyst
Alice is an Industry Analyst in the Verdantix Net Zero & Climate Risk practice. Her current research agenda focuses on climate risk solutions and biodiversity. Alice holds…
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Kim Knickle
Research Director, ESG & Sustainability
Kimberly Knickle is Research Director of the ESG & Sustainability practice at Verdantix. Her research areas encompass ESG regulations and reporting, ESG risk, supply chain…
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