DURHAM, N.C., Feb. 23, 2021 /PRNewswire/ -- The Climate
Service (TCS), a leader in climate risk analytics, today
published a Q&A with COO Joseph
Lake conveying the fundamentals of the Task Force on
Climate-related Financial Disclosures (TCFD) framework for
assessing and disclosing climate risk. A resource for journalists,
researchers, and industry professionals, the piece covers five
things that American businesses should know about the
As support for the TCFD grows around the world, discussion about
the reporting framework is coming to the fore in the United States. Several indicators suggest
the US may soon follow in the footsteps of New Zealand, the United Kingdom, and others, in mandating
climate risk reporting in line with the TCFD.
Before joining TCS as Chief Operating Officer, Joseph Lake was the Managing Director for
Climate Risk at The Economist where he launched The Economist's
inaugural Climate Risk Summit and led The Economist Intelligence
Unit's (EIU) climate risk consulting services.
Founded in 2017, TCS has developed a software as a service
product, the Climanomics® platform, to support reporting and
disclosure aligned with the TCFD framework. The platform enables
measurement and reporting of transition and physical risks and
opportunities, in financial terms, under different climate
scenarios. It evaluates assets anywhere in the world and projects
over time horizons of 1-80 years.
Today, the platform is trusted by clients including the world's
largest banks, asset managers, real estate investors, Fortune 500
firms, and public bodies including the US Federal Government. In
recent months, TCS announced collaborations with IBM and Aon and
several other industry-leading companies, that have allowed the
company to scale to meet unprecedented demand.
Read the full QA on the TCFD by clicking here.
About The Climate Service
Backed by an advisory
board including four IPCC Nobel Prize-winning scientists, and
strategic partners including Aon and IBM, The Climate Service has
developed a software as a service product, the Climanomics®
platform, to support reporting and disclosure aligned with the TCFD
framework. Our company's goal is to help investors, companies, and
communities to understand their risks from the changing climate,
and the opportunities from a transition to a low-carbon economy.
Our mission is to embed climate risk data into every decision on
the planet and facilitate the world's transition to a low-carbon
Contact: Julianne Hogan,
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SOURCE The Climate Service