S&P Global has announced the launch of its new S&P Global Climate Center of Excellence, which is set to focus on long-term climate, environmental, and nature research and methodology development.
The centre, it said, will be made up of scientists and strategists who will collaborate with experts across all S&P Global divisions, with the aim of ensuring climate and sustainability solutions are grounded in “best-in-class” science, data, and methodologies.
“Developing the most innovative climate risk data solutions requires collaboration across the industry and we are excited to partner with leading experts in the academic and scientific community to help ensure our climate and sustainability solutions are grounded in best-in-class science,” said Thomas Yagel, Chief Operating and Product Officer for S&P Global Sustainable1, in a statement last week.
According to S&P Global, the new centre will provide actionable intelligence to its customers and partners, which include investors, banks, companies, and sustainability solution providers.
Alongside tackling what it called “complex methodological challenges” in climate and environmental science, the centre will also seek to support science-driven thought leadership to provide intelligence to the market.
Another focus area will be building external academic partnerships to inform research and innovation, in addition to partnering across S&P Global, with the aim of driving transparency on climate and sustainability issues deemed critical by the markets.
“To push the frontiers in climate research, S&P Global scientists are diving into some of the most complex data and modelling challenges in the physical and economic sciences. We are bridging multi-disciplinary gaps and perspectives to enable advancements in our science-driven methodologies providing actionable information on climate-related risks and opportunities,” said Dr. Terence Thompson, Chief Science Officer, S&P Global Climate Center of Excellence.