Climate X

Henk Jan Reinders, PhD, Dirk Schoenmaker, Mathijs van Dijk, prominent researchers from Rotterdam School of Management, Erasmus University, present a conceptual framework to investigate Climate Risk Stress Testing (CRST) exercises, distinguishing between climate, economic, and financial modelling steps. The study classifies CRST exercises into six categories of climate shocks and four different approaches, including macro-financial, micro-financial, non-structural, and disaster risks. The authors identify several limitations in current CRST approaches, including neglect of certain climate shock types, overreliance on macro models, incomplete modelling, and limited scope. The study also highlights the need for future research to address the identified limitations and develop more comprehensive and granular CRST approaches to better assess the impact of climate-related shocks on financial system stability. Full article 👉 https://bit.ly/4iewbXS #ClimateRisk #StressTesting #ClimateResilience #Finance #EU

Urban Land offers insights on the critical importance of physical climate risk awareness for European commercial real estate investors, emphasising the need for strategic planning to mitigate its impact. Increasing commercial insurance rates in Europe are partly attributed to the growing recognition of physical climate risk, which is exacerbating extreme weather events like flooding and wildfires. Recent storms in Europe, such as Bert, Caetano, and Boris, have caused widespread flooding, resulting in significant economic losses, with estimated claims reaching up to €3 billion. Investors must adopt a proactive, climate-informed approach to risk management, integrating cutting-edge strategies and innovative insurance solutions to safeguard their portfolios and maintain profitability. They should also reconsider their approach to risk management, embracing a blended model that combines risk-aware investment strategies, creative insurance solutions, and forward-thinking asset management practices to build resilient, climate-proof portfolios. Full Article 👉 https://bit.ly/4kmV4T4 #ClimateRisk #ClimateAdaptation #PropertyMarket #Insurance #EU

🌟 What an Incredible Evening! 🌍🚀 A huge thank you to everyone who joined us for our second annual recruitment event with Black Valley! With 100+ registrations, it was fantastic to connect with so many talented data scientists, engineers, and researchers passionate about making an impact in climate tech. From insightful conversations to inspiring career stories, it was great to share what life at Climate X is like and how we’re using tech to tackle climate risk. A special shoutout to: 💡 The amazing Black Valley team for being incredible partners 🤝 Everyone who attended, engaged, and asked brilliant questions 🚀 The Climate X team for making this event a success! We love seeing so much interest in the work we do—and if you couldn’t make it, stay tuned for future events and opportunities! #ClimateX #ThankYou #ClimateTech #BlackValley #DiversityInTech #TechForGood #DataScience #Engineering #Careers #Hiring #STEM

Reminder that Climate X is at MIPIM in Cannes, today and for the full week! Meet our experts, Liv Paige and James Evans to learn more about climate risks and their impact on the Real Estate/ Asset Management industry. 👉 Let’s talk solutions! Whether you're interested in discussing the latest trends, exploring opportunities, or just having an insightful conversation, don’t hesitate to reach out. #MIPIM #MIPIMCannes #ClimateRisk #SustainableFinance #Innovation #Networking #CannesEvents #RealEstate #AssetManagement #ClimateRisks

We’re hiring a Staff FullStack Software Engineer, (TypeScript, Python, React, AWS), to join our team at Climate X. If you're ready to contribute to meaningful change, apply today! https://bit.ly/41yMGay #werehiring #hiring #jobs

Escalating climate disasters and their impacts across businesses in banking, real estate, and insurance have paved the way for a louder call for climate adaptation as a key solution to protect resources and mitigate financial losses. As global losses reached $229 billion in the previous year, integrating climate adaptation into financial planning becomes crucial to ensure long-term financial stability. Making climate adaptation a priority in business strategy can equally help firms navigate emerging climate policies and regulations with confidence, minimising risks and liabilities. To understand the "What, Why, and How" of climate adaptation and its benefits for financial institutions and other firms, explore our whitepaper “Building Resilience: A Comprehensive Guide to Adaptation Retrofitting” Full Insights 👉 https://bit.ly/4b95Ckw #ClimateRisk #ClimateResilience #Banking #PropertyMarket #Insurance

In a new report, Norton Rose Fullbright (NRF) explores the recent changes and evolution of climate-related disclosures the UK, the US, the EU and Australia, and why insurers should remain ahead of these developments. As investors, regulators, and customers increasingly scrutinise climate-related practices, insurers must prioritise transparency, data quality, and sustainability integration to maintain trust and credibility. To remain compliant and competitive, insurers must proactively integrate climate-related disclosures into their core business models, utilising reliable data and incorporating sustainability into their operations. Full Report 👉 https://bit.ly/4jYtAmR #ClimateRisk #ClimateResilience #ClimateDisclosure #Insurance

The Climate X team is Heading to MIPIM in Cannes from March 10th to 14th. Meet our experts, Liv Paige and James Evans in Cannes and learn more about climate risks and its impact on the Real Estate/ Asset Management industry. 👉 Let’s talk solutions! Whether you're interested in discussing the latest trends, exploring opportunities, or just having an insightful conversation, don’t hesitate to reach out ! #MIPIM #MIPIMCannes #ClimateRisk #SustainableFinance #Innovation #Networking #CannesEvents #RealEstate #AssetManagement #ClimateRisks

Wonderful seeing Manuel Vicente at LSE SU Green Finance Society speaking to tomorrow's leaders!

A coalition of 26 institutional investors, including Brunel Pension Partnership, Scottish Widows and People’s Partnership, managing a combined $1.5 trillion, is calling on their asset managers to prioritise climate risk, with the threat of divestment looming for non-compliant firms. Long-term investors recognise climate change as a critical financial risk, particularly for pension funds with extended liabilities, and are pushing asset managers to adopt a proactive stance. Investors expect asset managers to engage companies on climate issues, exercise systematic voting at shareholder meetings, and maintain a robust stewardship function to ensure alignment with investor objectives. The investor push for climate action highlights a growing rift between asset managers and institutional investors, with some firms, including BlackRock, reassessing their involvement in climate-focused industry initiatives. Full article 👉 https://on.ft.com/3CYOu4q #ClimateRisk #ClimateResilience #AssetManagement #Finance