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Climate Measurement Standards Initiative

The use of climate scenarios in Australia

The use of climate scenarios in Australia

16 August 2021

16 August 2021, Sydney – In order to make assessments of the future, increasingly more organisations and businesses are looking to ‘scenario planning’, in which available data informs a series of possible outcomes (‘scenarios’). Climate scenarios are becoming more popular among organisations that want to understand the risks and opportunities associated with different climate futures and weigh possible responses based on those futures. In …

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New Australian guidelines launched to ensure  consistent climate change risks assessments and disclosure

New Australian guidelines launched to ensure consistent climate change risks assessments and disclosure

14 September 2020

Sydney, September 14th, 2020 – An Australian-first collaboration between climate scientists, insurers and the finance sector has produced new guidance for assessing the physical risks – such as tropical cyclones, bushfires and floods – of climate change to homes, buildings and critical infrastructure. The Climate Measurement Standards Initiative (CMSI) has developed a set of open-source …

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Australian first industry-science collaboration to develop a common understanding of Australian climate change risks

Australian first industry-science collaboration to develop a common understanding of Australian climate change risks

2 June 2020

Sydney, 2nd June 2020 – Representatives of some of Australia’s largest insurers, banks, investors, standards bodies and service providers have joined forces with leading scientists and researchers in a ground-breaking new initiative to develop standards for climate physical risk projections. “For the first time, leading Australian experts in both physical climate change science and disaster …

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