{"id":542532,"date":"2022-10-04T05:46:17","date_gmt":"2022-10-04T12:46:17","guid":{"rendered":"https:\/\/www.esri.com\/about\/newsroom\/?post_type=wherenext&#038;p=542532"},"modified":"2024-05-10T06:20:49","modified_gmt":"2024-05-10T13:20:49","slug":"assets-at-climate-risk","status":"publish","type":"wherenext","link":"https:\/\/www.esri.com\/about\/newsroom\/publications\/wherenext\/assets-at-climate-risk","title":{"rendered":"9 in 10 Large Companies Have Assets Located in Path of Climate Hazards"},"author":501,"featured_media":0,"parent":0,"menu_order":0,"template":"","format":"standard","meta":{"_acf_changed":false,"sync_status":"","episode_type":"","audio_file":"","podmotor_file_id":"","podmotor_episode_id":"","castos_file_data":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","filesize_raw":"","date_recorded":"","explicit":"","block":"","itunes_episode_number":"","itunes_title":"","itunes_season_number":"","itunes_episode_type":"","_links_to":"","_links_to_target":""},"categories":[],"tags":[26512,177152,1441],"department":[488822],"wherenext-category":[],"industry":[],"class_list":["post-542532","wherenext","type-wherenext","status-publish","format-standard","hentry","tag-climate-change","tag-predictive-analytics","tag-resilience","department-sustainability-risk"],"acf":{"short_description":"With climate risk spreading through the business world, the call for better data and smarter analytics grows louder.","pdf":{"host_remotely":false,"file":"","file_url":""},"flexible_content":[{"acf_fc_layout":"content","content":"Nine out of 10 of the world\u2019s largest companies have at least one asset exposed to climate risk, according to new data from <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-09-15\/s-p-reveals-fallout-from-climate-change-on-asset-values?srnd=green-esg-investing&amp;leadSource=uverify%20wall\">S&amp;P Global Sustainable1<\/a>. Over one-third of those companies can expect that asset\u2019s value to drop by 20 percent or more."},{"acf_fc_layout":"sidebar","layout":"standard","image_reference":null,"image_reference_figure":"","spotlight_image":null,"section_title":"","spotlight_name":"","position":"Left","content":"<strong>Article snapshot:<\/strong> A new report shows that for 90 percent of large companies, climate risk will threaten at least one asset, with a possible loss in value of 20 percent. Smart companies are getting ahead of that risk.","snippet":""},{"acf_fc_layout":"content","content":"For decades, climate change has loomed as a nebulous global threat. Now, new data tied to specific assets and locations makes the potential consequences tangible for business leaders.\r\n\r\nThese datasets can help executives calculate the financial impacts that unchecked <a href=\"https:\/\/www.esri.com\/about\/newsroom\/publications\/wherenext\/assets-at-climate-risk\/\">climate risk<\/a> could have on their organization. The engine behind that business insight is called <a href=\"https:\/\/www.esri.com\/en-us\/location-intelligence\">location intelligence<\/a>\u2014information gained from visualizing and analyzing data in a geographic context.\r\n\r\nAlready, <a href=\"https:\/\/www.esri.com\/about\/newsroom\/publications\/wherenext\/climate-risk-mapping-at-att\/\">some of the world\u2019s largest companies<\/a> are using location intelligence generated by digital maps and spatial analytics to answer questions about where critical assets are located and what climate events might threaten those resources. With precise knowledge of where to take action and what risks to prepare for, business leaders can create <a href=\"https:\/\/www.esri.com\/en-us\/about\/climate-action\/overview\/climate-risk-management\">climate resilience<\/a> plans to protect their most valuable assets.\r\n<h3><strong>Mapping Critical Assets and Climate Data<\/strong><\/h3>"},{"acf_fc_layout":"sidebar","layout":"standard","image_reference":null,"image_reference_figure":"","spotlight_image":null,"section_title":"","spotlight_name":"","position":"Left","content":"<strong>How to Protect Assets<\/strong>\r\n\r\nCompanies as diverse as Lockheed Martin and Fannie Mae are using location intelligence to address long-term climate risk. Learn from their experience on <a href=\"https:\/\/www.esri.com\/en-us\/lg\/publications\/a-new-roadmap-for-risk-and-resilience\">this <em>WhereNext<\/em> webcast<\/a>.","snippet":""},{"acf_fc_layout":"content","content":"Knowing where vulnerable assets are located is the first step in determining the climate risk an organization faces. A port warehouse in Florida, for example, could flood as sea levels rise, while a power plant in the United Kingdom may need protection from increasing heat waves.\r\n\r\nWith digital maps\u2014and their dynamic <a href=\"https:\/\/www.esri.com\/about\/newsroom\/publications\/wherenext\/supply-chain-simulation\/\">3D counterparts, digital twins<\/a>\u2014informed decision-makers visualize the location and condition of almost any kind of business asset, from a <a href=\"https:\/\/www.esri.com\/about\/newsroom\/publications\/wherenext\/expanding-broadband-internet-access\/\">broadband telecom network<\/a> to a portfolio of <a href=\"https:\/\/www.esri.com\/about\/newsroom\/publications\/wherenext\/gaining-retail-advantage-in-the-post-covid-19-era\/\">retail stores<\/a> or even a company\u2019s <a href=\"https:\/\/www.esri.com\/about\/newsroom\/publications\/wherenext\/nexttech-on-it-mapping\/\">IT infrastructure<\/a>.\r\n\r\nMaps created with a geographic information system (<a href=\"https:\/\/www.esri.com\/about\/newsroom\/publications\/wherenext\/enterprise-technology-behind-big-business-decisions\/\">GIS<\/a>), add important context to those views. For instance, a map of business locations layered with environmental data\u2014weather patterns, recent hazardous events, air quality indices\u2014reveals where specific risk factors threaten assets, paving the way for targeted intervention."},{"acf_fc_layout":"quote","image":542512,"text":"With location intelligence to understand exactly where climate risk could impact their business, executives can create plans to protect their most important assets.","author_name":"","author_profession_organization":""},{"acf_fc_layout":"content","content":"<h3><strong>Modeling Outcomes and Planning for Resilience<\/strong><\/h3>\r\nThe use of location intelligence to address asset-related risks plays out in two areas of a business: real-time awareness and long-term planning.\r\n\r\nReal-time awareness is critical to <a href=\"https:\/\/www.esri.com\/about\/newsroom\/publications\/wherenext\/new-corporate-security-techniques\/\">security and emergency response teams<\/a> who visualize spatial data on maps to understand imminent threats like hurricanes, floods, <a href=\"https:\/\/www.esri.com\/about\/newsroom\/publications\/wherenext\/inside-bass-pro-shops-path-to-business-continuity-during-covid-19\/\">public health crises<\/a>, and wildfires.\r\n\r\nStrategic planners use GIS-based analytics to model what might come next, whether it\u2019s a year, three years, or decades from now. Spatial analytics draws on information about what has happened, where, and when, enabling planners to identify patterns and create models of the future. These projections can reveal climate-related risks through <a href=\"https:\/\/www.esri.com\/about\/newsroom\/publications\/wherenext\/predicting-climate-risk\/\">natural disaster forecasts<\/a> or <a href=\"https:\/\/www.esri.com\/about\/newsroom\/publications\/wherenext\/supply-chain-simulation\/\">supply chain simulations<\/a>.\r\n\r\nWith that insight, executives use geospatial artificial intelligence, or <a href=\"https:\/\/www.esri.com\/about\/newsroom\/publications\/wherenext\/think-tank-on-geoai-simulation\/\">GeoAI<\/a>, to analyze location data and more quickly answer complex questions: What are the revenue impacts of closing a store that\u2019s vulnerable to wildfires? How will customer spending change if we move a distribution center out of a region with worsening hurricanes?\r\n\r\nGeoAI helps executives understand the tradeoffs involved in managing risk while growing a business. Those tradeoffs are becoming clearer thanks to more precise data\u2014which some attribute to a <a href=\"https:\/\/podcasts.apple.com\/cy\/podcast\/an-ever-evolving-map-of-everything-on-earth-jack-dangermond\/id470624027?i=1000547851042\">\u201cnervous system of the planet\u201d<\/a>\u2014as well as increasingly powerful analytics technology like GIS.\r\n\r\nFor business leaders focused on resilience and continuity, maps and predictive models add context and specificity to risk assessments, enabling precise, decisive action that protects assets in the face of a foreboding future."}],"references":null},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.9 (Yoast SEO v25.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Climate Risk Threatens 9 out of 10 Large Companies<\/title>\n<meta name=\"description\" content=\"Nine out of ten large companies have at least one asset threatened by climate risk, raising the bar for predictive intelligence.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.esri.com\/about\/newsroom\/publications\/wherenext\/assets-at-climate-risk\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"9 in 10 Large Companies Have Assets Located in Path of Climate Hazards\" \/>\n<meta property=\"og:description\" content=\"Nine out of ten large companies have at least one asset threatened by climate risk, raising the bar for predictive intelligence.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.esri.com\/about\/newsroom\/publications\/wherenext\/assets-at-climate-risk\" \/>\n<meta property=\"og:site_name\" content=\"Esri\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/esrigis\/\" \/>\n<meta property=\"article:modified_time\" 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