A study published by global consultancy group KPMG found that most businesses are still without a clear climate change plan, despite an increase in ESG pressures from investors and other stakeholders. Riskthinking.ai’s patented scenario generation platform and analytics helps business leaders plan for future climate risk.
Mass loss from 2007 to 2017 due to melt-water and crumbling ice aligned almost perfectly with the Intergovernmental Panel for Climate Change’s (IPCC) most extreme forecasts, which see the two ice sheets adding up to 40 centimetres (nearly 16 inches) to global oceans by 2100, they reported in Nature Climate Change. Such an increase would have a devastating impact worldwide, increasing the destructive power of storm surges and exposing coastal regions home to hundreds of millions of people to repeated and severe flooding.
Ice sheets in Greenland and Antarctica whose melting rates are rapidly increasing have raised the global sea level by 1.8cm since the 1990s, and are matching the Intergovernmental Panel on Climate Change’s worst-case climate warming scenarios. Understanding the likelihood and implications of climate scenarios like this one is vital for planning effective responses, and is at the heart of what we do at Riskthinking.ai.
More than half of European pension schemes now consider climate risk – up from just 14% last year, according to a survey by Mercer. This trend is growing and underscores the value of Riskthinking.ai’s tools for assessing and responding to climate risk.
Although a pandemic, civil rights movement and impending elections are what dominate the news, the Earth’s climate quietly continues its steady transformation, presenting organizations with serious new property risks and potential long-term financial loss.
Riskthinking.ai’s forward-looking scenarios tools help business leaders prepare for climate risk.
Accurate temperature estimates of ancient oceans are vital because they are the best tool for reconstructing global climate conditions in the past. While climate models provide scenarios of what the world could look like in the future, paleoclimate studies (study of past climates) provide insight into what the world did look like in the past.
Understanding the causal relationships in climate change is imperative to making sound climate projections and decisions, now and in the future.
A new CDFA report shows farmers are eager for climate modeling that gets to the regional or crop level. Riskthinking.ai’s bespoke scenarios tools and analyses offer a granular picture of climate impacts to suit clients’ needs.