Australian climate tech company XDI scoops two international awards
- Written by: Business Daily Media
- Published in PR Newswire
XDI named Best Sustainable Finance & Climate Solution and Climate Data Provider of the Year in Regulation Asia and InsuranceERM Awards
XDI Founder Dr Karl Mallon is in Hong Kong to receive the latest award.
"These awards recognise the incredible work our team has put into making complex physical climate risk analysis accessible and actionable, with financial metrics delivered on demand through the XDI Climate Risk Hub.
"Whether you're a bank, an investor, an asset owner or a consultant helping clients meet reporting requirements, the Hub gives you secure access to high-quality analysis of assets located anywhere in the world, in the form you need, when you need it," Mallon said.
Established in 2017 by a team working on physical climate risk since 2007, XDI combines climate science, engineering and technology to quantify how extreme weather and climate change can damage buildings and disrupt operations now and into the future.
The XDI Climate Risk Hub makes this analysis available on demand, from individual buildings to portfolios of thousands of assets. Its Automated Resilience capability helps users identify where changes to building specifications could deliver the greatest reduction in modelled risk.
XDI's international track record includes developing the Hong Kong Monetary Authority (HKMA) Physical Risk Assessment Platform - extending on-demand analysis to all Hong Kong banks - and recent collaborations with Morningstar Sustainalytics and Veridion to develop financially relevant physical risk metrics for investors. Other companies using XDI analysis include Meta, Westpac, Savills and Legal & General.
In Australia, XDI is expanding partnerships with consulting firms supporting clients with AASB S2 climate reporting, due diligence and adaptation planning. Consultants can incorporate XDI analysis into their own services, retaining the client relationship while accessing specialist analytics and methodology documentation to support assurance review. Just this month XDI has entered into partnerships with Edge Impact and SumClimate.
About XDI
XDI is an Australian-founded specialist in physical climate risk and adaptation analytics with offices in Australia and London. It is part of The Climate Risk Group.
