HDI Global has introduced climate risk reporting to assist clients with physical climate risk analysis, in line with EU taxonomy guidelines. The initiative, developed by HDI Risk Consulting GmbH, provides detailed data on climate risks such as water levels and heatwave metrics. The service supports customers who fall under the reporting obligation as part of the Corporate Sustainability Reporting Directive (CSRD) and the EU Taxonomy from 2024. Using a grid of around 30 potential physical climate risks, HDI Global assigns customers' locations to a six-level scale. Partnering with Mitiga Solutions, the company has expanded its database to include scientifically validated climate data on the commonly used climate change models, as set out by the Intergovernmental Panel on Climate Change. The service follows the EU taxonomy guidelines and supports reporting on climate risks, as well as more precise and faster due diligence reviews of investments. By being able to evaluate future risks, it also serves as decision support in location planning. In turn, customers can benefit from bureaucratic simplification and receive support in actively preparing for future climate change challenges. Dirk Höring, member of the HDI Global’s executive board, comments: "With our climate risk reporting service, we are setting a new standard in the insurance industry. “We not only highlight risks but also provide recommendations for action on how our customers can mitigate risks and seize opportunities."
