EVORA Global announces partnership with Moody’s ESG Solutions to drive physical climate risk transparency for real asset investors
EVORA Global today announces the launch of a new Physical Climate Risk (PCR) module and the integration of Moody’s ESG Solutions’ Climate on Demand risk analytics into its ESG data management platform, SIERA. This partnership offers EVORA clients more granular insights to better inform their financial decisions across their portfolios.
Climate change is noticeably affecting the world around us, including substantial impacts to real estate and infrastructure from floods, storms and wildfires. These risks can have significant financial implications. Coupled with a rapidly changing legislative landscape, including expected mandatory climate risk disclosure in 2022 as a result of new legislation in Europe, and the introduction of reporting frameworks such as the Taskforce on Climate Related Financial Disclosure (TCFD), the pressure is mounting for investment managers to understand their climate risk exposure and disclose appropriately.
Assessing climate risks across a multitude of portfolios and geographies can be daunting. Investment professionals need good quality data to measure their exposure to hazards like heat stress and flood today and in the future in order to understand the potential impacts to their assets and investment performance.
SIERA’s Physical Climate Risk module, powered by Moody’s ESG Solutions, provides asset- and fund-level insights into hazard exposure and risk scores for climate change-related hazards including flood, hurricane & typhoon, sea level rise, wildfire, heat stress, and water stress
“We are delighted to partner with EVORA to help their customers assess how their real estate investments may be exposed to the physical impacts of climate change.”Emilie Mazzacurati, Global Head of Climate Solutions in Moody’s ESG Solutions Group
Moody’s Climate on Demand tool can score any location in the world on its exposure to climate hazards out to the 2030-2040 decade. It allows users to drill down into risk drivers, exploring the underlying indicators capturing different dimensions of risk for each hazard.
Analysing physical climate risk data alongside other automatically collated ESG data in SIERA, such as carbon emissions, enables users to clearly understand an asset’s risks and opportunities in one centralised platform, build resilience across their portfolio, and make informed, data-driven investment decisions. EVORA Global’s team of expert consultants help clients interpret their results and develop strategies to become more resilient to climate risks.
“At EVORA Global, we help clients better understand their exposure to changing climate hazards, the vulnerability of their assets to those hazards, and what steps they can take to become more resilient. Access to high-quality, decision-useful climate risk data is a crucial foundation to building climate resilience, so we are excited to introduce the new SIERA physical climate risk module and Moody’s partnership to our clients.”Meghan Johnson, Associate Director of Climate Resilience Services, EVORA Global
About Moody’s ESG Solutions
Moody’s ESG Solutions Group is a business unit of Moody’s Corporation serving the growing global demand for ESG and climate insights. The group leverages Moody’s data and expertise across ESG, climate risk, and sustainable finance, and aligns with Moody’s Investors Service and Moody’s Analytics to deliver a comprehensive, integrated suite of ESG and climate risk solutions including ESG scores, analytics, Sustainability Ratings and Sustainable Finance Reviewer/certifier services. For more information visit Moody’s ESG hub at www.moodys.com/esg.