Four Twenty Seven's monthly newsletter highlights recent developments in climate risk and resilience. This month we emphasize the need for racial justice, share new resources on climate risk for investors and regulators and highlight recent calls for climate risk disclosure.
Black Lives Matter
We at Four Twenty Seven are saddened and angered by the recent killings
of Rayshard Brooks, George Floyd, Breonna Taylor, Ahmaud Arbery along with so many others, and by the systemic injustice and continued brutality Black individuals experience every day. We stand in solidarity with the Black community against all forms of racial injustice and we state unequivocally that Black Lives Matter.
During this time of national reckoning, we are reflecting on our responsibility to use our platform to speak out against injustice and elevate the voices of Black people, other People of Color, and those who have dedicated themselves to racial justice.
While the issues we are facing today are not new, they have reached a boiling point, due to centuries of injustice, mistreatment and violence against Black individuals. This is a systemic problem, deeply rooted in our society, that calls for systemic change. We are committed to being a part of the change.
Together with Moody’s, our parent company, we believe “we all have a responsibility to do better and to build a more just society that serves everyone equally.”
As a company whose mission is to catalyze climate adaptation and resilience, we are committed to supporting equity and racial justice in our daily work. Black communities and communities of color are disproportionately affected by climate change and environmental degradation. They are on the frontlines of the impacts of pollution, extreme heat, storms, and disease. They have less means to mitigate detrimental climate and environmental effects, and often lack insurance and other means to recover when disaster strikes. Any investment in systemic resilience must be an investment in equitable adaptation.
As part of our commitment to change and owing to our expertise on environmental and climate-related issues, we commit to taking the following steps:
Use Four Twenty Seven’s platform to educate about environmental justice, equitable adaptation, and the interplay of race and climate change through webinars, publications and research;
Incorporate into our analytics a lens on equity and racial justice wherever possible; and
Connect students from underserved communities with education around opportunities in climate science through mentorship and internship opportunities.
As an organization and an employer, we also commit to fostering dialogue on racial justice among our team members and will strive to enhance the diversity of our team.
James Baldwin’s words ring true today more than ever: “Not everything that is faced can be changed, but nothing can be changed until it is faced.” We stand in solidarity with the Black community and are committed to doing our part to change the system and fight racism and injustice in our country.
Forthcoming Publications & Webinar on Racial Justice & Climate Action
As part of our commitment to using our platform to educate on these topics, we have planned the following pieces:
A blog outlining the issues of environmental justice in the U.S. and the disproportionate exposure and vulnerability of Black communities and other People of Color to the impacts of climate change.
A blog explaining the need for racial equity in climate adaptation and sharing approaches for integrating equity into adaptation planning and implementation.
A webinar on racial equity and climate action, scheduled for July 8th at 5pm CET / 11am EST / 8am PST.
Guidance for Addressing Climate Risk
Network for Greening the Financial System Guide for Supervisors
The NGFS Guide for Supervisors: Integrating climate-related and environmental risks into prudential supervision, outlines five recommendations for supervisors to address climate risks: determine how climate risks affect economies, develop a strategy, identify risk exposure in supervised firms, set transparent supervisory expectations and engage with financial institutions around effective risk management. The report highlights ways in which supervisors around the world are taking steps to address these risks, citing data from Four Twenty Seven.
The Institutional Investors Group on Climate Change Guidance for Asset Owners and Asset Managers
Access Four Twenty Seven's Physical Climate Risk Data on Measurabl's ESG software for Commercial Real Estate
Twenty Seven’s physical risk data is now available in a new Physical Climate Risk Exposure tool on Measurabl’s investment grade ESG (environmental, social, governance) data hub. Through this integration Measurabl customers can now identify their physical climate risks to inform opportunities to build resilience across their real estate portfolios. “We’re thrilled to partner with the leading ESG data management platform to provide unprecedented levels of transparency to real estate owners and managers worldwide,” said Emilie Mazzacurati, Four Twenty Seven's Founder and CEO. “As climate change increasingly causes financial damage to real assets, this partnership helps fill the urgent demand for data to help the real estate industry prepare for the impacts of climate change.”
“The evolution of Measurabl’s software to include climate risk data was a natural development as we continue to build the best-in-class ESG –and now “R” – platform for commercial real estate,” said Matt Ellis, Measurabl's Founder and CEO. “The union of physical climate risks with ESG creates unparalleled transparency for climate-related financial decisions and disclosures.”
Webinar on Physical Climate Risk: Identifying Your Exposure with Measurabl
How does physical climate risk manifest for real estate assets and how can investors identify and manage their risk exposure? Josh Turner, Director, Research, at Four Twenty Seven, joined Measurabl's Noelle Bohlen and Cameron Ravanbach to discuss the climate data driving Four Twenty Seven's analysis and share insights on how real estate investors can leverage this information. Watch the recording.
Public Consultations on Climate Risk
European Commission Consultation on Climate Adaptation
As part of its Green Deal the European Commission has launched a climate adaptation strategy to encourage eco-friendly investments and build resilience. It is refining the initiative and soliciting feedback through a public consultation. Respond by June 30.
European Central Bank Consultation on Climate Risk Disclosure Guidance
Derani brings over 25 years of experience in the Australian asset management industry, with relationships across the Australian superannuation and investment management community.
Most recently, Derani was Head of Business Development and Asset Consultants at GMO Australia. Derani has also held senior roles with BT Financial Group, Rothschild Asset Management and Prudential Fund Managers.
Join the team! Four Twenty Seven is Hiring
There are several opportunities to join Four Twenty Seven's dynamic team. See the open positions below and visit our Careers page for more information.
Project Manager with excellent leadership skills and proven experience coordinating activities across teams of different disciplines within research, content and technology
Regional Sales Director (North America) with extensive experience selling and supporting data products and services for large commercial, financial and government institutions
Climate Data Analyst with expertise translating applied climate science for a wide range of stakeholders.
Join the team online at these upcoming events and check our Events page for updates, including registration links to webinars not yet available:
Jun. 15 - 19 - Responsible Investor Digital Festival, Virtual: Four Twenty Seven joins Moody's and Vigeo Eiris at a virtual exhibit and Emilie Mazzacurati, Founder & CEO, will presented on climate scenario analysis today.
Our mailing address is:
Four Twenty Seven
2000 Hearst Ave
Berkeley, CA 94709