First Street Expands Globally with New Climate Risk Models and London Office
In the ever-evolving landscape of climate awareness, First Street is making significant strides as it transitions from a nonprofit to the preeminent provider of physical climate risk data. Recently, the company announced its global expansion, just in time for Climate Week NYC. This strategic move includes the introduction of new global models aimed at assisting financial leaders in identifying climate risk across properties worldwide.
The newly launched global models are groundbreaking. They encompass a comprehensive analysis of past, present, and projected risks associated with various natural disasters, such as floods, wildfires, extreme heat and cold, wind events, and droughts. First Street employs transparent, peer-reviewed, physics-based methodologies to generate the insights that financial institutions, investors, and governments rely on for accurate risk assessment, regulatory compliance, and informed decision-making surrounding climate exposure.
According to Matthew Eby, CEO and Founder of First Street, the insights provided by the new models are designed for forward-thinking institutions. He emphasized that integrating climate insights is essential not just for managing risk but also for seizing opportunities within the market. The organization’s models aim to aid businesses in pricing risk more accurately, preserving asset value, and facilitating smarter investment decisions that further long-term growth.
In line with this global outreach, First Street has also launched a new office in London, which will also help to foster collaboration with corporations, investors, and governmental entities across the European and Asia-Pacific regions. Tim Barlow, Head of EMEA and APAC at First Street, remarked that establishing a formal presence in London aligns with the company's ongoing efforts to cater to its international clientele. This London office symbolizes a significant step towards deepening connections with partners in critical markets as demand for climate insights continues to rise.
The First Street Enterprise Suite serves as a powerful resource, uniquely tailored for institutional investors. It offers a visual and interactive platform that provides actionable mapping of hazards linked to climates. By blending peer-reviewed scientific data, macroeconomic factors, and proprietary hazard layers, organizations can visualize risks, enabling them to strategize appropriately at a regional or asset-specific scale.
The multi-hazard modeling capability is another standout feature of First Street’s offerings. This allows users to harness catastrophe modeling to discern tail risks while simultaneously gaining practical insights for risk management on a broad spectrum, spanning different geographies and asset classes. The platform also ensures compliance with evolving regulations, such as California’s SB 261, enabling firms to strengthen their data foundation for effective risk management and disclosure.
First Street has etched its name as the gold standard for Climate Risk Financial Modeling over the past decade. Its models provide crucial insights that help asset owners, managers, governments, real estate investors, and millions of homeowners make climate-informed decisions. As First Street continues to innovate and expand, its commitment to bridging climate and financial risk only strengthens, setting a path towards a resilient future in the face of increasingly prevalent climate challenges.
For organizations interested in these insights, First Street offers opportunities for demos through their website.
In conclusion, First Street’s global expansion signifies a monumental shift in how businesses perceive and manage climate risk, marking a pivotal moment for the industry just ahead of Climate Week in New York City. As the demand for reliable climate insights grows, First Street stands at the forefront, equipped with tools that empower organizations to navigate the complexities of risk and opportunity in an uncertain climate.
The newly launched global models are groundbreaking. They encompass a comprehensive analysis of past, present, and projected risks associated with various natural disasters, such as floods, wildfires, extreme heat and cold, wind events, and droughts. First Street employs transparent, peer-reviewed, physics-based methodologies to generate the insights that financial institutions, investors, and governments rely on for accurate risk assessment, regulatory compliance, and informed decision-making surrounding climate exposure.
According to Matthew Eby, CEO and Founder of First Street, the insights provided by the new models are designed for forward-thinking institutions. He emphasized that integrating climate insights is essential not just for managing risk but also for seizing opportunities within the market. The organization’s models aim to aid businesses in pricing risk more accurately, preserving asset value, and facilitating smarter investment decisions that further long-term growth.
In line with this global outreach, First Street has also launched a new office in London, which will also help to foster collaboration with corporations, investors, and governmental entities across the European and Asia-Pacific regions. Tim Barlow, Head of EMEA and APAC at First Street, remarked that establishing a formal presence in London aligns with the company's ongoing efforts to cater to its international clientele. This London office symbolizes a significant step towards deepening connections with partners in critical markets as demand for climate insights continues to rise.
The First Street Enterprise Suite serves as a powerful resource, uniquely tailored for institutional investors. It offers a visual and interactive platform that provides actionable mapping of hazards linked to climates. By blending peer-reviewed scientific data, macroeconomic factors, and proprietary hazard layers, organizations can visualize risks, enabling them to strategize appropriately at a regional or asset-specific scale.
The multi-hazard modeling capability is another standout feature of First Street’s offerings. This allows users to harness catastrophe modeling to discern tail risks while simultaneously gaining practical insights for risk management on a broad spectrum, spanning different geographies and asset classes. The platform also ensures compliance with evolving regulations, such as California’s SB 261, enabling firms to strengthen their data foundation for effective risk management and disclosure.
First Street has etched its name as the gold standard for Climate Risk Financial Modeling over the past decade. Its models provide crucial insights that help asset owners, managers, governments, real estate investors, and millions of homeowners make climate-informed decisions. As First Street continues to innovate and expand, its commitment to bridging climate and financial risk only strengthens, setting a path towards a resilient future in the face of increasingly prevalent climate challenges.
For organizations interested in these insights, First Street offers opportunities for demos through their website.
In conclusion, First Street’s global expansion signifies a monumental shift in how businesses perceive and manage climate risk, marking a pivotal moment for the industry just ahead of Climate Week in New York City. As the demand for reliable climate insights grows, First Street stands at the forefront, equipped with tools that empower organizations to navigate the complexities of risk and opportunity in an uncertain climate.
Topics Other）
【About Using Articles】
You can freely use the title and article content by linking to the page where the article is posted.
※ Images cannot be used.
【About Links】
Links are free to use.