New climate ratings agency targets risk for infrastructure

(...) The climate finance division of French business school Ecole des Hautes Etudes Commerciales du Nord has developed a scientific climate ratings agency that looks to identify climate risk in the infrastructure sector. The ratings will combine research from areas such as financial materiality, geospatial data, climate risk models and the financial datasets for infrastructure assets. The ratings also evaluate both transition risks, linked to the shift toward a low-carbon economy, and physical risks, arising from climate hazards such as floods, storms, heat waves and wildfires.

"These ratings mark a significant development for the European landscape in climate risk transparency, particularly at a time when leadership in this area is increasingly contested on the global stage," said Camille Angué, deputy director of the EDHEC Climate lnstitute, in a news release. "These ratings offer a rigorous, science-based assessment of the material and financial consequences of climate change," she continued. (...)