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Climate Risk News & Publications
International climate change risk analysts XDI – The Cross Dependency Initiative – today released extreme weather and climate change physical risk statistics for all 34 million commercial and residential addresses in the UK. The report presents physical climate risk statistics including the geographical concentration of high-risk properties and the projected increases in insurance costs for 406 counties and equivalent areas.
GPT Climate Disclosure Statement 2020 – TCFD. GPT is a listed property group ranked in the top 5% of real estate companies in the S&P Global Corporate Sustainability Assessment. They engaged XDI to assess climate risk to key parts of the property portfolio with a focus on adaptation interventions to ensure fit for purpose resilience over the asset’s lifetime. XDI worked closely with the GPT engineering team to address protection specifications for cyclone debris, roof drainage for increased monsoonal rainfall and insulation requirements to cope with increased temperatures and reduce aircon loads in Australia’s tropical north
XDI’s analysis has been used in the NSW Treasury’s Technical Research Paper: An Indicative Assessment of Four Key Areas of Climate Risk. Along with 5 other technical papers, this analysis will be incorporated into NSW Treasury’s 2021 Intergenerational Report to be released later this year. The 2021 Intergenerational Report will inform policy advice addressing current and structural challenges that will impact NSW’s future economic growth and fiscal sustainability.
XDI recognised as a global provider of climate physical risk analysis within The Climate Risk Landscape: Mapping Climate-related Financial Risk Assessment Methodologies released by UN Environment Programme-Finance Initiative in February 2021.
XDI named as one of the top 5 most significant providers within the critically emerging market for climate risk analytics within The Forrester New Wave: Climate Risk Analytics Report.
Climate Change Risks to Australia’s Built Environment: A Second Pass Assessment, analyses climate risk to all 544 local government areas in Australia, assessing five hazards impacts to 15 million addresses. The report names the top ten municipalities most in need of climate change adaptation according to four key indicators including annual average losses from damage and number of “High Risk Properties”, determined in line with US Federal Emergency Management Agency classifications.
Dr Karl Mallon in a Bloomberg article covering the insurance fall out after disastrous forest fire season in Australia
24/10/19 AFR coverage of XDI’s report released today “Climate Change Risk to Australia’s Built Environment – A Second Pass assessment”
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@pgupta79 @ClimateandCap Will correct - tks and good story!
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