International advisory, broking and options firm WTW has launched Local weather Quantified, a brand new know-how designed to quantify the monetary influence of local weather change on companies.
This software-as-a-service (SaaS) software offers insights into how bodily and transition dangers associated to local weather change can have an effect on an organization’s operations, belongings, income and enterprise worth.
It additionally evaluates the influence on an organisation’s prospects and provide chain companions.
Local weather Quantified is claimed to allow companies to realize a clearer understanding of their worth creation and publicity to the altering operational panorama as a consequence of local weather dangers.
By analysing local weather threat elements and their interdependencies, the software guarantees to supply complete evaluation of monetary threat, going past the fundamental screening and evaluation of emissions.
The software’s key capabilities are tailor-made to assist chief threat officers and chief sustainability officers.
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Designed to help in enterprise planning, due diligence and strategic decision-making, Local weather Quantified additionally assists corporations in complying with evolving regulatory necessities.
WTW world head of core analytics Ben Fidlow mentioned: “Corporations face elevated losses from bodily threat and are assessing the necessity for funding and transformation for the transfer to a low-carbon economic system.
“Armed with a transparent, clear and real-time view of the monetary dangers to their enterprise supplied by Local weather Quantified, corporations are properly positioned to anticipate and reply rapidly to rising dangers, make higher investments, scale back their reliance on weak places, strengthen provide chains and defend their individuals.
“The end result is to make sure capital is allotted on the proper time to guard towards climate-driven uncertainty and volatility.”
The launch of this software follows WTW’s latest partnership with Ukrainian insurer Vu, establishing a facility to cowl cargo and war-on-land dangers inside Ukraine, backed by the London market and led by Lloyd’s syndicate Markel.
