Moody’s ESG Solutions Group announced today that it has launched sub-sovereign climate risk scores, extending the coverage of its physical climate risk data to include states, counties and urban areas, among others.

According to Moody’s, the new sub-sovereign risk scores quantify population-weighted exposure to climate-related hazards such as floods, heat stress, hurricanes, water stress and wildfires, providing information to users including banks and asset managers to assess and compare those risks for specific assets and areas.

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The release follows the launch by Moody’s of Sovereign Climate Risk Scores in December 2020, which provide detailed views of the future exposure of the global population, the economy, and agriculture to a range of physical climate hazards.

Datasets for the new scores include state, county, urban area, metropolitan and micropolitan statistical areas, and zip code level information in the U.S., “NUTS 1, 2 and 3”-level data in the EU, and coverage of states, provinces and 3,300 urban areas around the world.

Emilie Mazzacurati, Global Head of Moody’s Climate Solutions in Moody’s ESG Solutions Group

“Climate emergencies are already disrupting communities, economies, and supply chains—and they are going to increase in severity and frequency. Mitigating loss requires a forward-looking view on which geographical areas are most exposed to specific hazards. Our new sub-sovereign dataset enables users to better understand the level of climate risk facing their assets and investments based on location, informing proactive risk management and resilience investment.”