Climate Change Data

Verisk Maplecroft

Climate Impact & Sustainability Data (2015-2020, 2017)

Reporting Period: 2015-2020

Environmental Metrics

ESG Focus Areas

  • Sovereign creditworthiness
  • Sovereign bond yield
  • Credit rating

Climate Goals & Targets

Environmental Challenges

  • Divergence between ESG ratings at the corporate level due to different indicator selection and weighting systems.
  • Lack of consensus in the literature on the relative importance of E, S, and G pillars in sovereign risk.
  • Heterogeneity in the relationship between ESG performance and sovereign yields across different levels of economic development.
Mitigation Strategies
  • Used granular ESG data instead of ESG ratings to avoid biases from rating providers' selection and weighting.
  • Performed single-factor and multi-factor analyses to identify the most relevant ESG indicators and themes.
  • Distinguished between high-income and middle-income countries to account for differences in ESG materiality.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
  • Droughts
  • Storms
  • Tsunamis
  • Volcanic hazards
Transition Risks
  • Fossil fuel dependency
  • Climate change mitigation and adaptation costs

Reporting Period: 2017

Environmental Metrics

Total Carbon Emissions:30.2 tonnes CO2e (Bath office electricity usage)
Total Energy Consumption:85,866 kWh (Bath office)
Waste Generated:0.9 tonnes of paper (Bath office)

ESG Focus Areas

  • Human Rights
  • Environment
  • Labor Standards
  • Community
  • Governance
  • Transparency and Disclosure

Environmental Achievements

  • Reduced electricity usage by 33.1% compared to 2016 and 40.1% compared to 2015 in Bath office.
  • Reduced paper usage by 60% compared to 2016 and 80% compared to 2015 in Bath office.
  • Replaced fluorescent lighting with energy-efficient LED lighting in Bath office.
  • Implemented sustainable procurement policy for stationery, food, catering, and cleaning products.
  • Investigated potential for 100% renewable electricity supply for Bath office.

Social Achievements

  • Launched a new career development framework.
  • Finalized a new promotion policy.
  • Created an Analyst Forum for employee discussion and grievance.
  • Improved employee benefits and entitlements (flexible working policy, new working parent playbook).
  • Implemented various wellness initiatives (netball/football teams, organic fruit, massage therapy, mindfulness workshops).

Governance Achievements

  • Updated anti-bribery and corruption policy (in 2016).
  • Submitted recommendations to the Australian parliamentary inquiry on a potential Modern Slavery Act.
  • Continued to host and update the Human Rights and Business Dilemmas Forum (HRBDF) in partnership with the UN Global Compact.
  • Worked with Verisk Analytics to identify its own potential risk exposure for their Modern Slavery Statement.

Climate Goals & Targets

Long-term Goals:
  • Develop new predictive and dynamic indices and expand commodity offering.
  • Enhance Value Chain Mapping service.
  • Fully integrate the new corporate exposure tool.
Medium-term Goals:
  • Investigate potential suppliers of 100% renewable electricity for Bath office.
  • Reduce air travel by staff where possible.
  • Increase the number of female employees in technology and software teams.
  • Create line manager toolkits to support diverse teams.
Short-term Goals:
  • Increase staff volunteering during Community Engagement Week to 50% participation.
  • Continued support for Julian House in Bath, voluntary work at Bath Cats and Dogs Home.

Environmental Challenges

  • Meeting the target of 50% staff participation in Community Engagement Week.
  • Measuring the full impact of community engagement initiatives.
  • Measuring flights taken by internationally-based staff.
  • Addressing the ethnic and racial gap between workforce and regions of operation.
  • Increasing female representation in technology and software teams.
Mitigation Strategies
  • The CSR team will work closely with line managers to ensure that community volunteering is considered when projects are being scheduled.
  • Reaching out to charities and organizations for feedback on the work done.
  • Continued use of teleconferencing and remote presentation technologies.
  • Continued work of the Ethnicity Working Group and Gender Working Group.
  • Increased efforts to recruit female candidates for technology roles through initiatives like the Tech Talent Charter.

Supply Chain Management

Responsible Procurement
  • Sustainable procurement policies for stationery, food, catering, and cleaning products.
  • Supplier Code of Conduct (implemented by Verisk Analytics).

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Global Compact

Third-party Assurance: PricewaterhouseCoopers LLP (for Verisk Analytics' GHG emissions inventory)

UN Sustainable Development Goals

  • Goal 2
  • Goal 5
  • Goal 8
  • Goal 10
  • Goal 12
  • Goal 13
  • Goal 14
  • Goal 15
  • Goal 16

Various initiatives contribute to these goals through community engagement, environmental protection, employee wellbeing, and product development.

Sustainable Products & Innovation

  • Environmental Social and Governance Corporate Exposure Tool
  • Sector Adjusted Risk Scores
  • Commodity Risk Service
  • Carbon Policy Risk Index
  • Climate Change Exposure (offshore) Index