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 for earthquakes and six different climate risk hazards including: floods, heat stress, water stress, hurricanes & typhoons, sea level rise, and wildfires.
See below for frequently asked questions regarding PCRX:
What are physical climate risks?
Risks arising from the physical effects of climate change, which can directly affect the value of assets. Physical climate risks can be acute or chronic in nature, with acute risks encompassing extreme events such as floods, droughts, and storms, and chronic risks referring to longer-term, slower onset changes such as rising temperatures and sea level rise.
Who provides this physical risk data for PCRX?
Four Twenty Seven, an affiliate of Moody’s and a leading provider of data and analysis on physical climate and environmental risks.
What is Four Twenty Seven’s data coverage?
Four Twenty Seven can score virtually any onshore/terrestrial location globally for the climate hazards of heat stress, water stress, floods, sea level rise, hurricanes & typhoons, earthquakes, and wildfires.
How are Four Twenty Seven’s risk scores calculated?
Four Twenty Sevens’ data and analytics rely on best-in-class, peer-reviewed climate models and environmental datasets from the IPCC, NASA, NOAA (the National Oceanic and Atmospheric Administration), and others, and is supplemented by commercially available data sources.
Each hazard risk score is calculated based on several indicators that capture different dimensions of risk presented by the hazard. Assets receive a score from 0-100 for each hazard and are assigned a risk threshold, ranging from low risk to red flag, or highest risk, based on the score.
What risk categories does PCRX support?
- Heat Stress
- Water Stress
- Hurricanes & Typhoons
- Sea Level Rise
What are the risk levels?
For each risk category, the risk scores fall into different risk levels: No Risk, Low Risk, Medium Risk, High Risk, and Red Flag.
What are risk category indicators?
Indicators are metrics that are measured to calculate the risk score. Each one is chosen to capture a different dimension of risk presented by the hazard.
What does Red Flag Mean?
Red Flag is the highest risk level. For heat stress and water stress, “Red Flag” means that an asset falls in the 5 percent most exposed properties of all facilities relative to Four Twenty Seven’s global database of over 1,100,000 corporate facilities. Floods, hurricanes & typhoons, and sea level rise are based on absolute thresholds due to the binary nature of risk for these hazards, where an asset is either susceptible or not, and “Red Flag” signifies that an asset is highly exposed to historical and/or projected risks.
More details on the methodology behind PCRX can be found here.
How often is PCRX data updated?
PCRX data is updated 1-2 times per year, depending on the risk category. These updates reflect changes, refinements and additions to Four Twenty Seven's methodology, but Four Twenty Seven integrates updated climate data as it is available which varies based on climate hazard, but can often be over the longer timeframes of scientific research which can be several years.
Who has access to this feature?
- Groups who purchase PCRX have access to this feature
- Buildings: any building that has been enrolled in the integration will be accessible via the PCRX dashboard.
- Users: Group/Subgroup Members and Managers will have access to the PCRX dashboard.
To start understanding the physical climate risks and opportunities of your portfolio, sign up for Measurabl today.
Feel free to reach out to our Support Team for any further questions about PCRX!