Tailwind
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Climate Adaptation and Resilience
Climate Goals & Targets
Environmental Challenges
- Capital Gap – Lack of sufficient investor capital available to A&R innovators.
- Demand Gap – Lack of clear demand from A&R solution buyers.
- Ecosystem Gap – Lack of adequate support for innovators from academic and innovation support organizations.
- Measuring the impact of adaptation companies remains a challenge.
- Policies and regulatory frameworks are missing to incentivize adaptation solutions.
- Preventing maladaptation is essential so solutions do not unintentionally increase vulnerability to climate change or make a system more susceptible to climate-related risks.
Mitigation Strategies
- Recommendations for funders, entrepreneurs, corporations and policymakers interested in growing climate adaptation innovation.
- Developing an investment thesis that includes climate adaptation and directing more capital into early and late venture rounds for adaptation companies.
- Pass Resilience Focused Policies
- Fund Innovation Programs
- Guide Standards Development
- Protect Your Business
- Remain Competitive
- Improved access to climate data, earth observation and sensor data to identify and monitor climate risk
- Support identifying adaptation options and access to financial tools, including identifying novel technologies and nature-based solutions, and tools to calculate the ROI of adaptation measures
- Enhanced physical risk reduction solutions for floods, water scarcity, extreme heat, and wildfire impacts on physical assets, workforce and local infrastructure
- A broader set of financial risk transfer solutions as a stopgap for unavoidable risks
- Support identifying opportunities to innovate to grow revenue through new A&R products and lower costs of climate risk management
Supply Chain Management
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
- Flooding
- Wildfires
- Water scarcity
- Heat waves
Opportunities
- Development of energy-efficient products
- New products and services
- Market expansion