S&P Global Sustainable1, part of S&P Global provider of credit ratings, benchmarks and analysis in global capital and commodity markets, has released an enhanced Physical Risk Exposure and Financial Impact Scores dataset to help companies, investors, governments and other stakeholders as they seek to understand and manage the physical and financial exposure of companies and portfolios to climate change.

The dataset includes exposure scores, which describe an asset’s or company’s exposure to the hazards of climate change, and financial impact metrics that reflect the projected future financial costs of changing exposure to hazards, expressed as a percentage of the value of exposed assets. Provides information on the exposure of more than 20,000 companies and more than 870,000 asset locations to a range of climate change-related hazards across a range of four CMIP6 Shared Socioeconomic Pathway (SSP) climate change scenario.

Applying this new dataset to the S&P Global 1200, it shows that: 92% of the world’s largest companies have at least one asset with high exposure to a physical hazard from climate change by the 2050s, and more than a third of the world’s largest companies have at least one asset in which the physical risks of climate change are equivalent to 20% or more of the value of that asset by the 2050s.