Financial technology and data services provider and exchange operator Intercontinental Exchange (ICE) announced the launch of its new ICE Global Climate Risk Solution, aimed at providing investors with a view of physical climate risks of their portfolios, based on geospatial data.
According to ICE, the new solution marks an expansion of its geospatial platform to introduce global physical risk for corporate and sovereign asset classes, leveraging building footprint data for over 1.6 billion buildings worldwide to deliver scenario-aligned, forward-looking risk scores and physical and transition climate risk metrics.
ICE said that the new solution enables clients to assess climate-related risks to properties and related assets in their investment portfolios, including exposure to key hazards such as wildfires, floods, and hurricanes, as well as analyze emissions and climate targets data. Users can evaluate their risks to a broad range of financial assets and instruments over time, along with their insurance needs.
Currently covering over 3 million corporate asset locations for over 20,000 global companies and sovereign investment funds, the firm plans to expand the solution to cover 9 million locations, with detailed building-level analysis.
Larry Lawrence, Head of ICE Climate, said:
“We’re excited to bring our advanced geospatial and climate analytics to a wider global audience, helping investors understand where and how climate risks could impact their financial investments. By mapping climate hazards like flooding and wildfires to specific locations and linking them with granular-level data, we are providing investors with greater transparency into both risks and opportunities within their portfolios.”
