LONDON, Nov. 27, 2019 /PRNewswire/ -- Trucost, part of
S&P Global, has launched Climate Change Physical Risk
analytics, to help investors, companies and governments
understand the exposure of businesses' assets to climate change.
The launch of the new dataset is especially significant as
investors and companies are increasingly considering the effects of
global climate change and the risks it poses on companies' future
growth.
The recently released Trucost Climate Change Physical Risk
analytics evaluated 15,000 companies representing 99% of global
markets. The study found wildfires, heatwaves and hurricanes,
linked to increasing global temperature, are the greatest risk to
physical assets. Further revealing, almost 60% of companies in the
S&P 500® and more than 40% companies in the S&P Global 1200
have physical assets which are at high risk of climate change
impacts. Find the full report here.
Richard Mattison, CEO, Trucost,
part of S&P Global, said: "We have witnessed the devastating
effects of global climate change, be it in the form of wildfires,
hurricanes, floods or sea-level rise. These weather patterns are
set to increase in frequency and impact, and it is imperative that
market participants fully understand the risks of climate change to
company assets and take steps to mitigate them."
Richard added: "The addition of the Physical Risk dataset to our
Climate Analytics Toolkit will allow our customers to assess the
interplay of physical and regulatory transition risks facing
companies."
The new datasets and analysis have been designed to allow
customers to report in line with the recommendations of the
Taskforce on Climate-related Financial Disclosures (TCFD), an
initiative by the Financial Stability Board to help companies and
investors respond to climate change risks.
The datasets evaluate corporate exposure to 7 climate change
hazards based on over 500,000 physical corporate assets from 15,000
companies globally. Trucost's Physical Risk methodology was
developed with input from experts in the investment, business and
scientific community. DWS were part of this expert group and
provided an investor perspective on physical risk in the research
paper.
To learn more about Trucost Physical Risk tool, please visit:
https://www.trucost.com/
About S&P Global Market Intelligence
At S&P Global Market Intelligence, we know that not all
information is important—some of it is vital. We integrate
financial and industry data, research and news into tools that help
clients track performance, generate alpha, identify investment
ideas, understand competitive and industry dynamics, perform
valuations and assess credit risk. Investment professionals,
government agencies, corporations and universities globally can
gain the intelligence essential to making business and financial
decisions with conviction.
S&P Global Market Intelligence is a division of S&P
Global (NYSE: SPGI). For more information, visit
www.spglobal.com
Trucost, a part of S&P Global
Trucost is part of the S&P Global family, operated by
S&P Market Intelligence. Trucost assesses and prices risks
relating to climate change, natural resource constraints and
broader ESG factors. Companies and financial institutions use
Trucost intelligence to understand exposure to ESG factors, inform
resilience and identify the transformative solutions of tomorrow.
Trucost data also underpins ESG indices, including the S&P 500
Carbon Efficient Index® and -S&P/IFIC Carbon Efficient Index®.
For more information, visit www.trucost.com
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SOURCE S&P Global Market Intelligence