Understanding Physical Risk in Financial Analysis
Join Bloomberg and leading climate analytics provider Riskthinking.AI on February 11 for an in-depth webinar tackling the challenges practitioners face in assessing physical climate risks. Experts will demonstrate how to:
• Assess the physical risk of companies based on Bloomberg's granular asset-level data and Riskthinking.AI's climate modelling
• Automate physical risk monitoring and reporting for a portfolio of companies
• Incorporate physical risk assessments into traditional risk frameworks
Spotlight: Real-World Lessons in Physical Risk
A Bloomberg News feature, “America’s Factories Weren’t Built to Endure This Many Hurricanes,” highlights the tangible challenges of assessing physical risk. The article recounts Lennox International Inc.’s experience with a 2018 tornado that devastated its Texas-based air conditioning and furnace plant, offering a case study on the financial implications of inadequate climate resilience.
Innovative Solutions for Physical Risk Analysis
Bloomberg, in partnership with Riskthinking.AI, launched a comprehensive physical climate risk solution in Q3 2023 and has since improved and expanded the approach to allow clients assess the impacts of the climate events more precisely on a more granular time horizons scale. By leveraging Bloomberg’s extensive asset-level database and Riskthinking.AI’s cutting-edge climate modeling, the solution enables users to:
• Evaluate physical risk for approximately 50,000 companies globally.
• Assess both current exposure and strategic adaptation efforts across four scenarios and time horizons extending to 2050.
• Gain actionable insights through an intuitive and validated approach.
Riskthinking.AI’s stochastic modeling methodology further enhances transparency and stakeholder confidence. By embracing the inherent uncertainties of climate pathways, their models have demonstrated exceptional predictive accuracy—capturing 97% of record-breaking temperature events in 2023 using projections generated prior to 2023.
This webinar offers practical insights into how Bloomberg and Riskthinking.AI’s combined expertise empowers practitioners to confidently evaluate corporate climate resilience, inform investment strategies, and navigate the complexities of physical climate risk.
Reserve your spot today to stay ahead of the curve in climate risk integration!
Speakers
Eitan Levitt
Chief Product Officer
Riskthinking.AI
Eitan Levitt is the Chief Product Officer at Riskthinking.AI, where he leads multidisciplinary technical teams to innovate methodologies and develop analytical tools for measuring and managing climate risk. Eitan also oversees the planning and execution of key partnership initiatives, including collaborations with Bloomberg LP and OSFI. Before joining Riskthinking.AI, Eitan was a management consultant and economist at Deloitte LLP, where he generated analysis and recommendations for key decision makers including the Prime Minister of Canada, the United States Secretary of the Treasury, and CEOs of several Fortune 500 Companies. Additionally, Eitan was the Chief of Staff to the ESG Leader of Deloitte Global Financial Advisory, through which he advised the Deloitte Global Executive on ESG services development and commercialization.
Edo Schets
Head of Climate for Core Product Sustainable Finance Solutions
Bloomberg
Edo Schets is the Head of Climate for Core Product Sustainable Finance Solutions at Bloomberg. He previously worked at the Bank of England, where he helped design and run the BoE's climate stress test and led the development of the NGFS climate scenarios. Edo also worked at the Dutch National Bank, where he was part of the first-ever climate stress test conducted by a central bank. He holds a MSc in Economics and Philosophy from the London School of Economics and Political Science.
Zane Van Dusen
Global Head of Risk & Investment Analytics Products
Bloomberg
Zane Van Dusen is the Global Head of Risk & Investment Analytics Products at Bloomberg. Zane began this role in 2019 and under his leadership, the group has become one of the industry's top data analytics providers, supplying innovative risk metrics, such as Bloomberg's award-winning Liquidity Assessment solution (LQA), based on Bloomberg's vast database of market data. Zane works with quants and engineers to build data-driven analytics that address a wide range of client needs from investment research to portfolio construction to regulatory reporting. Prior to this role, Zane managed the implementation of risk management, stress testing and reporting systems for Credit Suisse's Treasury and Liquidity Risk Management groups for over a decade. Prior to this role, Zane managed the implementation of risk management, stress testing and reporting systems for Credit Suisse's Treasury and Liquidity Risk Management groups for over a decade.