Lockton Global Real Estate & Construction is now collaborating with Four Twenty Seven, an affiliate of Moody’s, and a leading publisher of climate risk data, to help clients integrate climate science into business decisions. Four Twenty Seven uses data-driven risk analysis to score assets’ exposure to the physical risks associated with climate change and other environmental issues.
As part of a long-term commitment to protect clients as the effects of climate change take their toll, Lockton works with insurers to develop and deliver innovative insurance products, designed to meet the needs of the future. Lockton’s broker partnership with Four Twenty Seven enables clients to make decisions based on climate science. The service provides data and analytics required to build resilience and mitigate the risks of climate change.
Many of Lockton’s clients will benefit from this innovative partnership:
- Real estate investors can evaluate the long-term risk exposure of portfolio holdings and engage with asset operators to improve resilience and bolster risk management capabilities
- Property and asset managers can enhance portfolio analysis and monitor risk as investment appetite can change over time. They will also be able to screen assets for their exposure to climate hazards pre-acquisition
- Banks can identify the climate-related risks in commercial and residential mortgage portfolios, incorporating these risks into their loan acquisition appraisals
Steve Rust, Real Estate and Construction Partner at Lockton, commented: “Right now, it’s more important than ever for the real estate and construction sectors to better prepare themselves for the great risk that climate change holds globally. By harnessing the power of data, especially in relation to locations, Four Twenty Seven can help us additionally support clients with invaluable awareness of long-term climate risks, allowing them to make better informed decisions, and plan a strategy for the future. This is an exciting opportunity and we look forward to building a productive, forward-thinking partnership.”
Emilie Mazzacurati, Global Head of Moody’s Climate Solutions and Founder & CEO of Four Twenty Seven, commented: “Understanding an asset’s exposure to hazards such as floods, storms and wildfires is critical to risk management processes, including decisions around insurance and asset-level resilience investments. We’re delighted to partner with Lockton to help a broader range of stakeholders access forward-looking information on their climate risk exposure.”