Moody’s ESG Solutions Expands Physical Climate Risk Scores to Sub-Sovereigns
Moody’s ESG Solutions today announced that it is expanding its data coverage of the physical risks posed by climate change with new sub-sovereign climate risk scores. These physical climate risk scores quantify population-weighted exposure to floods, heat stress, hurricanes and typhoons, sea level rise, water stress and wildfires. The scores complement Moody’s existing coverage of physical risk data for locations globally, which includes scores for 200 sovereigns.
“Climate emergencies are already disrupting communities, economies, and supply chains—and they are going to increase in severity and frequency,” says Emilie Mazzacurati, Global Head of Moody’s Climate Solutions in Moody’s ESG Solutions Group. “Mitigating loss requires a forward-looking view on which geographical areas are most exposed to specific hazards. Our new sub-sovereign dataset enables users to better understand the level of climate risk facing their assets and investments based on location, informing proactive risk management and resilience investment.”
Moody’s innovative dataset leverages satellite imagery alongside global models to overlay population and economic information with granular climate data. Banks, asset managers, asset owners and other organizations can use the scores and underlying data to assess climate risk in specific areas, and create benchmarks for individual property assessments to understand how a specific asset may fare relative to others in the area.
The new sub-sovereign dataset includes United States municipal data at the state, county, urban area, metropolitan and micropolitan statistical areas, and zip code level; European Union coverage for all three subdivisions of countries, or “Nomenclature of territorial units for statistics” (NUTS 1, 2 and 3); and coverage of global states/provinces as well as administrative areas for 3,300 urban areas around the world.
Among other notable findings, the scores show that 26% of US zip codes are highly exposed to floods and 21% of NUT 3 areas (consisting of smaller regions in Europe) are highly exposed to heat stress, demonstrating the ability of Moody’s data to pinpoint the potential impact of individual climate hazards on specific locations. A recent Moody’s blog post leverages the new scores to explore physical climate risk exposure and mitigation for US semiconductor manufacturers facilities.
ABOUT MOODY’S ESG SOLUTIONS
Moody’s ESG Solutions Group is a business unit of Moody’s Corporation serving the growing global demand for ESG and climate insights. The group leverages Moody’s data and expertise across ESG, climate risk, and sustainable finance, and aligns with Moody's Investors Service and Moody's Analytics to deliver a comprehensive, integrated suite of ESG and climate risk solutions including ESG scores, analytics, Sustainability Ratings and Sustainable Finance Reviewer/certifier services. For more information visit Moody’s ESG & Climate Risk hub at www.moodys.com/esg .
About Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
SES24.10.2021 06:10:12 CEST | Press release
SES-17 Successfully Launched on Ariane 5
PROMPERÚ22.10.2021 19:17:07 CEST | Press release
Peru Holds a Ribbon Cutting Ceremony at Its Pavilion at Dubai Expo and Wins 4 World Travel Awards
TX-SCHLUMBERGER-LIMITED22.10.2021 12:52:09 CEST | Press release
Schlumberger Announces Third-Quarter 2021 Results
DISRUPTIVE.ASIA22.10.2021 12:32:08 CEST | Press release
Disruptive.Asia: Huawei's Ryan Ding and Peng Song Discuss How Operators Can Leverage Connectivity to Unlock New Growth
SUZANO22.10.2021 12:21:06 CEST | Press release
Suzano Brings Its Target for Capturing 40 Million Tons of Carbon From the Atmosphere Forward To 2025
ANT-GROUP22.10.2021 12:03:04 CEST | Press release
AntChain Launches Its First Security Chip and New Blockchain Platform Powered by Privacy Computing Technology
TOTAL-TELECOM22.10.2021 12:02:04 CEST | Press release
Total Telecom: Maximizing the Value of Connectivity
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.Visit our pressroom