Dun & Bradstreet, a leader in business decisioning data and analytics, and Climate Engine have embarked on a collaborative journey.
The primary motivation behind this partnership is to assist businesses in mitigating the risks posed by prevalent climate-related disasters. Through their combined efforts, they aim to foster more resilient business relationships and provide comprehensive insights into climate-related business risks.
Dun & Bradstreet is a global powerhouse, offering an extensive array of business decisioning data and analytics. They have established a robust Data Cloud that identifies over half a billion public and private businesses worldwide.
Climate Engine, on the other hand, excels in providing cutting-edge climate data and analytics. They leverage geo-spatial satellite imagery to analyse and understand climate risks, offering invaluable insights into the economic impacts of planetary changes.
The collaborative venture has led to the creation of D&B Climate Risk Insights. This solution amalgamates Dun & Bradstreet’s expansive business data with Climate Engine’s intricate climate risk data. It provides acute insights into physical climate risks, enabling businesses to predict climate-related impacts and assess recovery probabilities.
This tool is a significant step forward from traditional long-term climate models, offering immediate, actionable insights for businesses to navigate the increasingly complex and climate-vulnerable landscape.
According to the National Oceanic and Atmospheric Administration, the U.S. has already incurred over $57.6bn in damages in 2023 due to climate-related events. Dun & Bradstreet’s data suggests a worrying trend, indicating that by 2050, more than 192 million business locations globally are likely to double their risk of experiencing extreme climate events.
“D&B Climate Risk Insights is a powerful tool to help navigate an increasingly complex and climate-vulnerable landscape,” said Jason Lindauer, Senior Director, Environmental, Social & Governance (ESG) Product, Dun & Bradstreet.
“By fusing Dun & Bradstreet’s extensive firmographic and financial data with Climate Engine’s cutting-edge climate data analytics, we can provide businesses with an economic early warning system that helps them to predict the financial impacts of climate change, so they can make informed decisions and proactively build business resilience in the face of climate risks,” said Jamie Herring, CEO at Climate Engine.
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