Climate Measurement Standards Initiative

img

Reducing risks & costs of climate-related disclosures for insurers, asset owners and banks, consistent with the TCFD

img

Providing scientific advice on approaches, methods, assumptions, and data for estimating future costs that are disclosed

img

Developing a shared understanding of climate science, impacts on extreme events and data requirements

Get the reports

How will the initiative fill this gap?

As an industry-led collaboration between insurers, banks, scientists, regulators, reporting standard professionals, service providers and supporting parties, the Climate Measurement Standards Initiative (CMSI) increases/builds confidence by providing standards for disclosure.

The project integrates the disciplines of climate science, hazard science, catastrophe modelling and financial modelling to provide a set of open source standards for the disclosure of climate-related physical risks for companies with financial interests in physical assets, including residential and commercial buildings or other infrastructure in Australia.

The consistency and transparency created by the CMSI will help companies and investors to better understand climate-related financial risks into the future. In developing a common approach we can help prepare, coordinate and invest in natural hazard resilience building, targeting those Australian communities most at risk.
Andrew White
Executive Manager of Sustainability Risk, Suncorp

Our team

Katie Vines
Director - Operations Climate-KIC Australia
Chris Lee
CEO Climate-KIC Australia
Melinda Morris
Lead - Adaptation and Resilience Projects Climate-KIC Australia

How you can get involved

We work across government, industry and community to develop resources to understand climate risk and develop relevant climate scenarios. Feel free to reach out if you would like more information on how we could work together.

Get in touch

Who we're working with

The initiative is being coordinated by a steering group led by Climate-KIC Australia, the National Environmental Science Program, Earth Systems and Climate Change Hub and a group of industry partners, these include: QBE, Suncorp, IAG, RACQ, National Australia Bank, Westpac, Commonwealth Bank of Australia, HSBC Australia, Munich-Re, Swiss-Re, Leadenhall CP, MinterEllison and Investor Group on Climate Change.

All information developed is published under an open source licence by Climate-KIC Australia.

Sign up to our mailing list and hear about our latest news, program updates and opportunities. Read an example