Global advisory, broking and solutions company WTW has introduced Climate Quantified, a new technology designed to quantify the financial impact of climate change on businesses.
This software-as-a-service (SaaS) tool provides insights into how physical and transition risks related to climate change can affect a company’s operations, assets, revenue and enterprise value.
It also evaluates the impact on an organisation’s customers and supply chain partners.
Climate Quantified is said to enable businesses to gain a clearer understanding of their value creation and exposure to the changing operational landscape due to climate risks.
By analysing climate risk factors and their interdependencies, the tool promises to offer comprehensive analysis of financial risk, going beyond the basic screening and assessment of emissions.
The tool’s key capabilities are tailored to support chief risk officers and chief sustainability officers.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataDesigned to aid in business planning, due diligence and strategic decision-making, Climate Quantified also assists companies in complying with evolving regulatory requirements.
WTW global head of core analytics Ben Fidlow said: “Companies face increased losses from physical risk and are assessing the need for investment and transformation for the move to a low-carbon economy.
“Armed with a clear, transparent and real-time view of the financial risks to their business provided by Climate Quantified, companies are well placed to anticipate and respond quickly to emerging risks, make better investments, reduce their reliance on vulnerable locations, strengthen supply chains and protect their people.
“The outcome is to ensure capital is allocated at the right time to protect against climate-driven uncertainty and volatility.”
The launch of this tool follows WTW’s recent partnership with Ukrainian insurer Vu, establishing a facility to cover cargo and war-on-land risks within Ukraine, backed by the London market and led by Lloyd’s syndicate Markel.