Bloomberg and Riskthinking.AI Launch Physical Risk Indicators to Reveal Exposure to Severe Climate Events
LONDON, Oct. 26, 2023 /PRNewswire/ -- Bloomberg and Riskthinking.AI today announce the launch of the first physical risk indicators that account for every climate scenario endorsed by the Intergovernmental Panel on Climate Change (IPCC).
- To help investors and companies better understand their exposure to climate-related risk, Riskthinking.AI uses Bloomberg's physical assets data on nearly 50,000 companies—covering over 1 million manufacturing sites, energy plants, mining operations, office buildings, and retail sites—to calculate a company's physical risk exposure level.
- These indicators can also be used in combination with Bloomberg's global supply chain data to reveal physical vulnerabilities of key suppliers that may negatively impact company operations.
- "By bringing together cutting-edge climate science with investor grade physical assets data, we can help investors and companies to better navigate the increasingly complex financial and regulatory environment regarding physical risk."
- The physical risk indicators are available on the Bloomberg Terminal and via Bloomberg Data License at data.Bloomberg.com for enterprise use.