The California Department of Insurance (CDI) has recently carried out the first ever climate stress test by a US state insurance regulator and they've used Asset Impact forward-looking data to do it!
The message is clear: delay is costly. Early transition towards a low-carbon economy not only aligns with the Paris Agreement but safeguards companies against the projected USD 7-40 billion in losses due to transition risks.
For the insurance industry and beyond, this report underscores the urgency of scenario analysis to proactively manage climate risk.
Our asset-based data offers a unique lens, mapping physical production data across technologies and ownership structures. This empowers firms to navigate the complex terrain of climate-related financial risks and opportunities with precision.
Read the full report here: https://www.insurance.ca.gov/01-consumers/180-climate-change/ScenarioAnalysis.cfm
About Asset Impact
Asset Impact provides asset-based climate data and analytics for the financial sector, with a focus on high-emitting industries. By linking financial portfolios to real-economy assets, companies, and securities, it enables detailed climate impact assessments. The database covers 300,000+ assets tied to 70,000+ public and private companies across 13 energy-intensive sectors – representing over 76% of global GHG emissions. Since 2022, Asset Impact has been part of GRESB, the global benchmark for sustainability in real asset investments.
Media Contact: For media inquiries, please contact Tyler Guthrie, Director of Marketing & Communications, at t.guthrie@gresb.com.
About SAP Fioneer
SAP Fioneer develops next-generation software for banks and insurers, combining SAP technology with deep industry expertise to help institutions deploy faster, scale confidently, and seize new opportunities without compromising reliability. Guided by a vision for an inclusive, resilient, and responsive financial ecosystem, SAP Fioneer enables open, innovative financial services that move beyond red tape and legacy constraints. The company partners with established market leaders and digital challengers alike to engineer the future of financial services, including solutions that integrate ESG metrics into core finance and risk workflows.
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