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Resilience and Business Downtime: From Predicting Losses to Preventing Them
Disaster-Proofing by Decarbonization: Linking Physical Climate Risk to Transition Risk
Monday, September 19th marked the beginning of UN Climate Week. This year, we confront the climate crisis with greater urgency than ever before, as companies race to meet their decarbonization targets, struggle to comply with new disclosure requirements, and contend with financial losses from extreme weather events. The UN Intergovernmental…
Increasing Resilience in Japan with One Concern Ready
Japan’s rainy season typically brings torrential rains and flooding across the country, inundating cities with previously unpredictable water levels. With the most recent release of our One Concern Ready™ product, we are now supporting six additional municipalities – Okazaki, Okayama, etc. – in addition to Kumamoto City, Japan, in an…
Minimizing Mortgage Default Risk with Climate-Resilient Banking
By Oleg Blokhin
As inflation eats away at margins and interest rates rise, borrowers will look for cheaper financing. To stay competitive, banks will need better ways to determine which properties are truly at the greatest risk of default on their mortgages and charge them accordingly. Climate change brings more…
Pricing Climate Change Through Downtime: Q&A with Dr. Jeffrey Bohn, Chief Strategy Officer
Storms, floods, and other dangerous weather events are increasing in frequency and intensity, impacting business operations and increasing financial risk. There have been 285 climate-related disasters in the United States since 1980. The cost of these disasters amounts to almost $2 trillion. In 2020 alone, the U.S. weathered 22 billion-dollar…
Insurers need advanced analytics for resilience or they dramatically underestimate their losses, new research shows
By Sean Rider, Chief Revenue Officer
In a new report by the French technology consultancy Capgemini, insurance customers placed climate change among their top concerns—second only to the Covid pandemic. As a result, insured losses were 3.6 times higher in 2021 than in 1990. Amid recent flooding of Yellowstone Park,…
SEC気候関連開示に向けて：物理的な気候リスクについて知っておくべきこと
共同創業者兼最高経営責任者（CEO）アマッド・ワニ
概要 米証券取引委員会（SEC）の気候リスク開示に関する規則が最終的にどうなるか、上場企業がはっきりと分かるようになるには年末を待たなければなりません。しかし、おそらく規則の原案が今後SECの当初の目的と全く異なるものに変わるということはなく、気候関連財務情報開示タスクフォース（TCFD）の開示推奨項目に倣ったものになるでしょう。物理的な気候リスクについて、SECは企業による投資家への開示を2024年から強化し、気候関連リスクが自社の事業や財務…
SEC Climate Disclosure: What You Need to Know About Physical Climate Risk
By Ahmad Wani, CEO & Co-Founder
Overview Until the end of the year, public corporations won’t know for certain the Securities and Exchange Commission’s (SEC) final rule on climate risk disclosure. However, the draft rule likely won’t deviate much from the SEC’s original intent and is likely to follow the…
IPCC報告書、気候変動は目の前に：レジリエンス構築に向けた適応が必要
ジェフリー・ボーン (Jeffrey Bohn)：One Concern最高戦略責任者
国連の気候変動に関する政府間パネル（IPCC）が最近公表した「気候変動2022：影響・適応・脆弱性」で、世界の科学者コミュニティによる気候分析が詳述されました。今回の報告書では、世界各地ですでに発生している影響に対処するためには、緩和策だけでなく、気候変動への適応が求められるという緊急性が伝えられました。 緩和策だけではもはや、気候変動に対する社会の役割を見通すことはできません。例えば温室効果ガス排出量の削減…
IPCC Report Says Climate Change is Here: We Need to Adapt to Build Resilience
By Dr. Jeffrey Bohn, Chief Strategy Officer
The UN’s Intergovernmental Panel on Climate Change (IPCC) recently released its Climate Change 2022: Impacts, Adaptation & Vulnerability report, detailing the international scientific community’s climate analysis. This new report conveys the urgency we need to adapt to climate change, moving beyond mitigation to…