Measurabl’s Physical Climate Risk Exposure (PCRX) feature enables users to identify and understand their physical climate risks and opportunities across their real estate portfolio different climate risk hazards. The following shows the different climate data offered by the two providers:
- S&P Trucost - floods, heatwave, coldwave, water stress, hurricanes & typhoons, sea-level rise, and wildfires across three climate scenarios and three time horizons.
- Moody’s - floods, heatwave, water stress, hurricanes & typhoons, sea-level rise, earthquakes, and wildfires.
All of this data can be sorted, filtered, and exported by property type, risk category, and risk level, giving real estate owners transparency into the oncoming impacts of extreme weather events on their portfolios. With the PCRX subscription, clients have the option of choosing between S&P Trucost or Moody’s Physical Risk Data as their PCRX data provider.
HOW TO NAVIGATE S&P TRUCOST CLIMATE RISK MODULE:
Reporting in line with the Task Force on Climate Related Financial Disclosures (TCFD) recommendations is required for buildings in several countries and is supported by over 3,000 organizations including many investors. Alignment with TCFD requires reporting on climate risk across multiple climate scenarios. PCRX powered by Trucost Physical Risk data from S&P Global meets that need by enabling customers to view climate risk scores across multiple climate scenarios.
- Upon opening the “Climate Risk” page, customers who have purchased PCRX with Trucost Physical Risk data will see the aggregated portfolio-level climate risk data sourced from S&P Global. Customers will also see the buildings with highest/lowest average risk score across categories and a map showing their properties colored by overall risk level.
- Here, customers can toggle between climate scenarios and time horizons (viewing one scenario/timeframe combination at a time) to see how the physical risk scores change. Customers can also filter the data for individual risk categories:
- High Climate Change Scenario (RCP 8.5): Continuation of business as usual emissions growth. This scenario is expected to result in warming in excess of 4 degrees Celsius by 2100.
- Moderate Climate Change Scenario (RCP 4.5): Strong mitigation actions to reduce emissions to half of current levels by 2080. This scenario is more likely than not to result in warming in excess of 2 degrees Celsius by 2100.
- Low Climate Change Scenario (RCP 2.6): Aggressive mitigation actions to halve emissions by 2050. This scenario is likely to result in warming of less than 2 degree Celsius by 2100.
HOW TO NAVIGATE Moody’s Physical Risk Data CLIMATE RISK MODULE:
- The Climate Risk dashboard can be found in the navigation menu on the left, below the 'Analytics' menu item.
- Click into the dashboard for an overview of the physical climate risks affecting your sites at the portfolio and subgroup level.
- Utilize the filters to sort by property type, risk category, and risk level.
- The PCRX dashboard highlights the minimum and maximum risks of the buildings across your portfolio, changing as the data is filtered. This allows you to evaluate the most vulnerable sites in your portfolio, supporting better informed risk management decisions.
- Hover over a site on the interactive map for a summary of all risk categories for any of your assets, globally.
- Drill down into an asset-level view of each risk category impacting your site.
- Click the double arrows to view each risk category's sub-indicators -- the metrics that are measured to calculate the risk score.
- Utilize the table at the bottom of the dashboard as another option to get granular data regarding the severity of the climate and earthquake risks impacting your sites and how they stack up against each other.
- By clicking into the columns button, you can show or hide different columns, allowing you to customize your view of the table by level of risk within each risk category, region, and primary type.
Click the arrows next to the column names to sort your sites by the minimum or maximum level of risk for each climate hazard.
Tip: Export the customizable table to share.
To start understanding the physical climate risks and opportunities of your portfolio, reach out to Measurabl Support! If you are an existing customer, reach out to your dedicated Account Manager to learn more.