Jupiter Intelligence, a provider of climate data solutions, has launched a series of new tools designed to assist banks and asset managers in quantifying physical climate risk in their portfolios and calculating the return on investment (ROI) for resilience initiatives. These tools are part of Jupiter Intelligence’s ClimateScore Global climate analytics platform, which was initially launched in 2020 to help financial institutions understand and respond to physical climate risks.
The platform’s new features include the “Jupiter Adaptation Hub,” which enables users to quantify avoided losses and calculate ROI across various adaptation strategies. Additionally, “Jupiter Entity Modeling” offers climate risk insights for entities such as securities, funds, corporates, and investment vehicles.
Further additions to the platform are the “Jupiter MetricEngine,” designed to provide quant teams and risk officers with scenario-specific model outputs, including custom return periods, exceedance probabilities, daily threshold counts, and loss distributions. The “Subsidence Peril Metric” focuses on modelling structural risks from soil-moisture fluctuations in clay-rich soils, estimating average annual damage based on foundation type and construction materials.
Jupiter Intelligence highlights the urgency of these new capabilities as climate change accelerates, exacerbating the damage and financial impact of severe weather events globally. This situation necessitates that financial institutions and investors quantify climate risk and model their response strategies effectively.
Rich Sorkin, co-founder and CEO of Jupiter Intelligence, stated, “These platform advances ensure that customers have the tools needed to lead their sectors in climate-informed decision-making with the precision and defensibility that investment committees, regulators, and boards now require.”
