WTW has today unveiled a new tool designed to quantify the financial impact on an organisation of climate change, as well as supporting business planning, due diligence, strategic decision-making and compliance with evolving regulatory requirements.

Offered as a SaaS tool, Climate Quantified is designed to help chief risk officers and chief sustainability officers quantify the financial impacts of climate change on a portfolio of assets and products, whether owned or belonging to a third party.

The tool can measure asset property damage, business interruption and exposure value today and under future scenarios associated with drought (and water stress), tropical cyclone, riverine flood and commodity prices.

For each product category and scenario, Climate Quantified measures the impact of transition risk on revenue and costs, plus the impact of managing or passing those costs through to customers.

Ben Fidlow (pictured), global head of core analytics at WTW said: “Companies face increased losses from physical risk and are assessing the need for investment and transformation for the move to a low-carbon economy. Armed with a clear, transparent and real-time view of the financial risks to their business provided by Climate Quantified, companies are well placed to anticipate and respond quickly to emerging risks, make better investments, reduce their reliance on vulnerable locations, strengthen supply chains and protect their people. The outcome is to ensure capital is allocated at the right time to protect against climate-driven uncertainty and volatility.”

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