Howden has introduced the Resilience Laboratory, a platform that uses Microsoft technology to help companies assess and manage climate risks.
Developed by Howden and powered by Microsoft’s cloud services — Azure, Microsoft 365, and Dynamics 365 — the Resilience Laboratory enables clients to model climate scenarios and assess financial impacts.
By transforming large volumes of complex data, such as environmental, societal, and financial, into actionable insights, the platform enables asset owners, investors, and other stakeholders to understand and manage climate risks more effectively, thereby increasing their resilience and optimising decision-making, the company states.
Furthermore, the Howden Resilience Laboratory uses industry research and partners with data and modelling experts, as well as the Microsoft planetary computer.
Lyn Grobler, chief information officer at Howden, explains: “This collaboration with Microsoft allows us to create an innovation hub powered by data, AI, and computation to model climate scenarios and assess financial impacts, which will enable strategic and confident investment decisions that protect assets and businesses.
“Together with Microsoft, we will continue to integrate insights and collaborate with other data partners and researchers to help scale and build the tools and capabilities to de-risk financing decisions and accelerate the transition to a more resilient world.”
Bill Borden, corporate vice president, Worldwide Financial Services at Microsoft, adds: “The Howden Resilience Laboratory is using technology and data platforms to model, understand, and mitigate climate risks in ways that were previously unachievable. Together, we are helping businesses make informed decisions that not only manage risk but drive long-term sustainability and resilience.”
