Climate Risks Threaten 27% of Global Data Centres by 2050

Climate risks threaten 27% of global data centres by 2050

Climate change threats could place 27% of global data centres at high or moderate risk by 2050, raising insurance costs and risking digital infrastructure.

Allianz Commercial Launches Climate Risk Assessment Platform

Allianz Commercial has launched Climate Adaptation & Resilience Services, a platform that allows businesses to evaluate how natural disasters will affect their assets today and in the future. The data-driven platform models changes in risk exposure for various perils over different time horizons and climate scenarios aligned to United Nations IPCC guidelines, the company said in a news release. The platform addresses growing challenges from clim…

ECB | Banks have made good progress in managing climate and nature risks – and must continue | European American Chamber of Commerce New York [EACCNY] | Your Partner for Transatlantic Business Resources Banks have made good progress in managing climate an

By Frank Elderson, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB European banks have made forward strides in managing climate and nature-related risks. But more still needs to be done as we often see that practices are only applied to a subset of relevant exposures, geographic areas and risk categories. To help banks improve further, later this year the ECB will publish an updated set of good practi…

Global Data Centres at Risk From Climate Change: Report

The report quantifies how targeted structural adaptations can dramatically improve resilience, reduce risk, and help curb escalating insurance costsData centres that power critical infrastructure—are facing sharply rising risks from climate change-driven extreme weather. A report by Cross Dependency Initiative (XDI), specialist in physical climate risk and adaptation analytics stated that without urgent investment in emissions reduction and phys…