Market data and solutions provider S&P Global announced the launch of its new S&P Global Climate Center of Excellence, aimed at advancing the company’s research and methodology development in areas including climate, environmental, and nature.

Sitting within S&P’s sustainability-focused unit, S&P Global Sustainable1, the new center will include scientists and strategists, and will collaborate across the company’s divisions “to ensure that S&P Global climate and sustainability solutions are grounded in best-in-class science, data, and methodologies,” S&P Global said, and helping to provide actionable insights to investors, banks, companies, and sustainability solution providers. S&P Global’s divisions include S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, and S&P Dow Jones Indices.

Thomas Yagel, Chief Operating and Product Officer for S&P Global Sustainable1, said:

“We are exceptionally proud of the world-class scientists advancing S&P Global’s work on long-term climate, environmental, and nature research and methodology development. Developing the most innovative climate risk data solutions requires collaboration across the industry and we are excited to partner with leading experts in the academic and scientific community to help ensure our climate and sustainability solutions are grounded in best-in-class science.”

According to S&P Global, in addition to partnering across the company, the mission of the new center includes tackling complex methodological challenges in climate and environmental science to support long-term innovation, supporting the next generation of science-driven thought leadership to provide intelligence to the market, building external academic partnerships to inform cutting-edge research and innovation, and creating learning opportunities for the company’s employees to elevate science-based thinking on climate and sustainability issues.

Key research focus areas for the new center include physical climate hazards, Earth systems tipping points, nonlinear climate impacts, probabilistic risk modeling, coupled climate and macroeconomic modeling, supply chain exposure, Scope 3 emissions, and financial impact quantification.

Dr. Terence Thompson, Chief Science Officer, S&P Global Climate Center of Excellence, said:

“To push the frontiers in climate research, S&P Global scientists are diving into some of the most complex data and modelling challenges in the physical and economic sciences. We are bridging multi-disciplinary gaps and perspectives to enable advancements in our science-driven methodologies providing actionable information on climate-related risks and opportunities.”