International Climate Technology Leaders, XDI and Vyzrd, in an Industry Defining Partnership

SYDNEY, LONDON — September 20th, 2024 — XDI (Cross Dependency Initiative) and Vyzrd have partnered to combine XDI’s industry leading physical risk data with Vyzrd’s integrated climate risk platform to provide a powerful solution to measure, manage and mitigate both physical and transition climate risks at an asset, company or portfolio level.   

“We’re delighted to partner with XDI. The integration of XDI’s asset-level physical risk data and Vyzrd’s transition risk management platform will allow companies, their bankers and investors to measure the forward-looking impact of physical and transition climate change risk to company-specific cash flows and valuation. Once these risks are quantified, the Gen-AI enabled platform then generates a range of tailored climate strategies to help mitigate these risks and identify transition and adaptation opportunities. These initiatives help build climate resiliency and develop a financially viable pathway towards Net Zero,” said Sunil Rana, CEO, Vyzrd.

Measuring climate change risk has become an increasingly important topic for corporates, governments and financial institutions globally. Over 30 countries, representing 60% of global GDP, have already introduced mandatory climate-related financial disclosure, affecting both companies and financial institutions. Global financial regulators recognise climate risk as a material systemic threat to market stability, making it essential for all financial institutions to measure and manage these risks effectively.

Effectively managing climate risk requires measuring and responding to both physical risk (the risk of damage to physical assets, agriculture etc. from severe weather events) and the transition risks (e.g. the impact of government policy changes to carbon tax or evolution in consumer demand for low carbon and sustainable products and services, risk of stranded assets etc.).

This next generation climate risk solution addresses both of these.

“We’re entering a new era where technology can now make incredibly complex physical and transition climate risk analysis more accessible than ever before, and we firmly believe this kind of accessibility is essential for transitioning to a resilient and zero carbon world. We welcome the opportunity to work with Vyzrd to help move companies, financial institutions and governments from risk to resilience.” said Dr Karl Mallon, CEO, The Climate Risk Group.

About XDI                    

The team behind XDI (Cross Dependency Initiative) was established in 2007, making the group the world's longest standing independent specialist in physical climate risk and adaptation analytics. XDI works with large banks and companies in the UK, Asia, Europe andNorth America and is a leader in providing data for climate stress tests by financial regulators. Today, XDI is the largest provider of physical climate risk analysis to banks in the world. XDI is part of The Climate RiskGroup.

About Vyzrd

Vyzrd offers industry leading Climate and ESG solutions to a diverse client base, including Fortune 500 companies, consulting firms, governments, financial institutions, corporates, and SMEs. Our solutions empower executives, boards, and investors with business-critical insights for a range of use-cases including investment analysis, portfolio assessment, M&A transactions, Net Zero strategies, among others.  For more information, visit vyzrd.com

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