Big Data Meets Climate Change
The conversation in the corporate world is expanding from carbon emission reductions to climate change risk management. But how do you measure climate risk?
We’re excited to announce that we have partnered with supply chain assessment experts from Climate Earth and the University of Notre Dame Global Adaptation Index (ND-GAIN) to develop an enterprise-quality application enabling large corporations to quickly map and quantify global supply chain risks due to climate change.
The 2014 World Economic Forum called climate change an “economically disruptive force,” and climate-related risks have risen on the agenda of global corporations in the past years. In Davos, in February 2014, Jim Yong Kim, President of the World Bank, called on corporate leaders to take action: “Be the first mover. Use smart due diligence. (…) It’s simple self-interest. Every company, investor, and bank that screens new and existing investments for climate risk is simply being pragmatic.” Business giants Coke and Nike were recently featured in the New York Times as taking proactive measures to assess and prepare for climate-related disruptions in their supply chain.
Our new CCRM application, launched today at the Climate Leadership Conference in San Diego, CA, is the first in the industry to provide comprehensive mapping and modeling of climate change risk for every commodity across the entire supply chain. Typically implemented in 90 days or less, the CCRM application models all the goods and services that are hidden deep in a company’s supply chain and provides a quantitative assessment of the carbon, energy, and water footprint associated with making its products and running its business. It also maps the country of origin from these goods and services, and provides users with an assessment of the exposure to the physical impacts of climate change. Read on for the press release and the detailed product description.
Companies need better tools to understand and act on climate risks. This application is a first foray into delivering climate intelligence to corporate leaders to support business resilience. Contact us for a demo!
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