S&P Global Acquires – The Climate Service
The Climate Service’s tech platform quantifies climate risk. It creates a physical climate risk analytics tool for businesses, investors, and governments.
The platform simulates physical risk, such as severe temperatures, drought, wildfire, coastal flooding, cyclones, and water stress.
It also provides clients with intelligence on transition risks, such as shifting legal, regulatory, and market situations.
The outputs include modeled transition risk and physical risk analysis expressed in financial terms. These are consistent with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).
“More than ever, investors and companies seek evidence-based insights, high-quality data, and advanced analytics to support the decisions driving their strategies linking sustainability and business performance.” says Dr. Richard Mattison, President, S&P Global Sustainable.
The transaction expands S&P Global’s portfolio of essential ESG data, scores, benchmarks, and insights.
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