Dun & Bradstreet and Climate Engine Collaborate to Provide Unique Visibility into Climate-Related Business Risks
December 18 2023 - 8:37AM
Business Wire
D&B® Climate Risk Insights bridges gap
between long-term climate models and short-term decision-making
Dun & Bradstreet (NYSE:DNB), a leading global provider of
business decisioning data and analytics, and Climate Engine, a
pioneer in climate data and analytics, are helping businesses
mitigate the risks of prevalent climate-related disasters and build
more resilient business relationships with the launch of D&B
Climate Risk Insights. The new solution enables business leaders to
better understand what they can do to prepare for and withstand the
impacts of extreme climate events and avoid business disruptions by
leveraging both near-term weather predictions and long-term climate
models.
D&B Climate Risk Insights combines Dun & Bradstreet’s
Data Cloud used to identify a half billion and growing public and
private businesses worldwide, with Climate Engine’s climate risk
data gathered from geo-spatial satellite imagery to uncover the
links between planetary change and economic impacts on more than
200 million active business locations. In addition to chronic
risks, the solution delivers current insights on acute physical
climate risks to provide visibility for predicting climate-related
impacts and calculating the probability of recovery. Traditionally,
companies have relied on long-term climate models to plan for
related risks, often extending their forecasting horizons to 2050
and 2100. While these long-term models are invaluable for strategic
planning, they may fall short when businesses need to make
decisions rapidly amid changing environmental conditions.
“As climate-related events continue to impact the global
business environment, long-term models can serve as a compass for
charting the course, but business leaders need to be prepared with
the necessary insights to make immediate, tactical decisions around
their operations and investments to mitigate these risks,” said
Jason Lindauer, Senior Director, Environmental, Social &
Governance (ESG) Product, Dun & Bradstreet. “D&B Climate
Risk Insights is a powerful tool to help navigate an increasingly
complex and climate-vulnerable landscape.”
The frequency and severity of climate-related events are
affecting the financial landscape, insurance industry, and global
supply chains, presenting a growing challenge to businesses
worldwide. According to the National Oceanic and Atmospheric
Administration, the United States alone has already exceeded $57.6
billion in damages in 2023, suffering from the most billion dollar
climate-related events in a calendar year. Data from Dun &
Bradstreet indicates that this trend will continue, revealing that
by 2050 over 82%, or more than 192 million, of business locations
worldwide, are likely to double their risk of experiencing at least
one extreme climate event that could threaten business
continuity.
“By fusing Dun & Bradstreet's extensive firmographic and
financial data with Climate Engine's cutting-edge climate data
analytics, we can provide businesses with an economic early warning
system that helps them to predict the financial impacts of climate
change, so they can make informed decisions and proactively build
business resilience in the face of climate risks,” said Jamie
Herring, CEO at Climate Engine.
D&B Climate Risk Insights offers valuable advantages across
various sectors and industries. Financial institutions can enhance
their lending and investment decisions by incorporating new climate
risk considerations, while insurers can refine their risk models,
pricing strategies, and underwriting practices. Additionally,
supply chain stakeholders can proactively minimize their risk and
mitigate near-term and long-term vulnerabilities, fostering
operational resilience and sustainability.
Learn more about D&B Climate Risk Insights here.
About Dun & Bradstreet
Dun & Bradstreet, a leading global provider of business
decisioning data and analytics, enables companies around the world
to improve their business performance. Dun & Bradstreet’s Data
Cloud fuels solutions and delivers insights that empower customers
to accelerate revenue, lower cost, mitigate risk, and transform
their businesses. Since 1841, companies of every size have relied
on Dun & Bradstreet to help them manage risk and reveal
opportunity. For more information on Dun & Bradstreet, please
visit www.dnb.com.
About Climate Engine
Climate Engine is a leading provider of climate and Earth
analytics to support economic resilience in the face of a changing
planet. Though its flagship product ‘SpatiaFi’, Climate Engine
connects proprietary climate models to location specific economic
data to provide unheralded views into the connections between
planetary change and financial impacts. Climate Engine’s SpatiaFi
is the proud winner of Google Cloud’s Industry Partner of the year
for sustainability in 2023. For more information on Climate Engine,
please visit www.climateengine.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20231218945224/en/
Media:
Dun & Bradstreet Dawn McAbee 904-648-6328
Mcabeed@dnb.com
Climate Engine Caleb White 613-878-6925
Caleb@climateengine.com
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