Dun & Bradstreet Climate Engine launches solutions to enable businesses to assess, mitigate climate risks

Business data and analytics provider Dun & Bradstreet and climate data and analytics company Climate Engine announced the launch of D&B Climate Risk Insights, a new solution designed to help businesses understand, prepare for and mitigate climate-related risks.

The companies said the new solution comes at a time when global businesses face growing challenges, with the frequency and severity of climate-related events impacting supply chains, the financial landscape and the insurance industry. Dun & Bradstreet said its data shows that by 2050, more than 82% of businesses may be at risk of double the risk of extreme climate events that threaten business continuity.

Jason Lindauer, senior director of environmental, social and governance products at Dun & Bradstreet, said:

“As climate-related events continue to impact the global business environment, long-term models can serve as a compass for planning direction, but business leaders need to be prepared with the insights necessary to make immediate tactical decisions around their operations and investments to mitigate these risks. “

The companies said the new solution combines Dun and Bradstreet’s data cloud, used to identify 500 million public and private businesses around the world, with Climate Engine’s climate risk data based on geospatial satellite imagery to reveal planetary changes and economic impacts. the relationship between. With more than 200 million active business locations, businesses can better understand how to prepare for and withstand the impacts of extreme weather events and avoid business disruption.

In addition to chronic risks, the solution provides the latest insights into acute natural climate risks to help predict climate-related impacts and calculate recovery probabilities, meeting the need for rapid decision-making capabilities that traditional long-term climate models cannot meet by 2050 or 2100 Forecast horizon.

Key use cases highlighted by Dun & Bradstreet and Climate Engine for the new solution include enhancing lending and investment decisions for financial institutions, refining insurance companies’ risk models, pricing strategies and underwriting practices, and enabling supply chain stakeholders to minimize risk and mitigate near-term and future risks. Long-term vulnerability.

Jamie Herring, CEO of Climate Engine, said:

“By fusing Dun & Bradstreet’s extensive corporate statistical and financial data with Climate Engine’s cutting-edge climate data analytics, we can provide businesses with an economic early warning system to help them predict the financial impacts of climate change so they can make informed decisions. decision-making and proactively enhance corporate resilience in the face of climate risks.”