Riskthinking.ai has recently announced the launch of the world’s first commercially available comprehensive climate digital twin. This groundbreaking tool is designed to support banks, insurance companies, countries, and multinational corporations in preparing for and mitigating the impact of climate change on their operations.
The climate digital twin, known as CDT™, is a data and analytics platform that allows organizations to realistically simulate the potential impact of climate change on various aspects of their business. This powerful tool is especially targeted to meet the requirements of regulators, helping organizations model how climate, physical, and transition risks may affect their operations in the future. CDT is supported on the Bloomberg terminal, providing users with access to essential physical risk data.
Ron Dembo, CEO and Founder of Riskthinking.ai, emphasizes the importance of businesses having a comprehensive climate risk simulation engine to integrate climate risk into their operations. He highlights the necessity of a single source of truth that covers the complexity of products and operations, making CDT a critical element in addressing climate-related risks.
Furthermore, industry analyst for climate risk solutions at Verdantix, Alice Saunders, underscores the need for climate risk solutions like CDT to become an integral component of a company’s enterprise risk management practice. She emphasizes the uniqueness of climate-related risks for each firm, and how tools like CDT can fill gaps in data, analysis, and capabilities to inform business strategy and decision-making.
Riskthinking.ai’s vision is to provide each institution with its own unique Climate Digital Twin, allowing them to jump-start their climate risk architecture and data environment. The solution is designed to be easily integrated with existing systems and to protect data privacy, enabling organizations to add their own data, analytics, and assumptions without the immense task of building and maintaining a system.
For more information about Riskthinking.ai’s Climate Digital Twin, readers can visit http://www.riskthinking.ai or contact [email protected].
As the industry leader in providing a comprehensive climate digital twin, Riskthinking.ai offers a cutting-edge solution to the growing challenges presented by climate change. Their innovative CDT platform is set to revolutionize the way organizations approach climate risk management, empowering them to make informed decisions and protect their operations in the face of an uncertain climatic future.
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