Latest news with #climateRisk
Bloomberg
3 days ago
- Business
- Bloomberg
Weathering the Storm: Climate Risk Stress Tests
Extreme weather has always meant extreme risks for businesses and investors. Yet climate change has varied the calculus, and many businesses are facing new, potentially existential risks as the world and the energy transition heat up. As such, central banks and financial supervisors have begun conducting climate risk stress tests, to ensure these institutions are capable of mitigating the potential impacts of a changing climate. But what do these tests entail, which markets have been the most proactive in conducting them, and what exactly is 'climate risk' anyway? On today's show, Tom Rowlands-Rees is joined by Tifenn Brandily, BloombergNEF's head of transition risk and alignment, and special guest Edo Schets, Bloomberg's head of climate, nature and regulatory financial solutions, to discuss findings from the note 'Climate Risk Stress Test Review'.
Associated Press
3 days ago
- Business
- Associated Press
AISIX Solutions Inc. Launches New Website Offering Wildfire Risk Solutions for Key Industries
Vancouver, British Columbia--(Newsfile Corp. - May 28, 2025) - AISIX Solutions Inc., (TSXV: AISX) (OTC Pink: AISXF) (FSE: QT7) ('AISIX' or 'the Company'), a wildfire risk assessment and analytics solutions provider, today unveiled its newly redesigned website at The platform is now purpose-built to help industry professionals in insurance, government, engineering, finance, and natural resources discover sector-specific climate risk solutions, explore data-driven case studies, and request live product demos with ease. AISIX's wildfire intelligence tools-such as Wildfire 3.0, MineSafe Wildfire are now accessible through a simplified and intuitive digital experience. Visitors can explore how AISIX's high-resolution climate risk datasets and APIs power mission-critical decisions for asset protection, regulatory reporting, and long-term resilience planning. 'Our goal is to make climate risk intelligence accessible, reliable, and defensible to those who need it most,' said Mihalis Belantis, CEO of AISIX Solutions Inc. 'The new website makes it easier for decision-makers across sectors to engage with our solutions, see our models in action, and take meaningful steps toward wildfire resilience.' Key Features of the New AISIX Website: AISIX's flagship product, Wildfire 3.0, continues to be Canada's most advanced wildfire dataset, used to simulate over 30 million fires and forecast climate-adjusted burn probabilities through 2100. The platform's proprietary models support everything from insurance underwriting and infrastructure planning to regulatory compliance and reporting. Who Benefits: AISIX's new online experience reflects its continued commitment to helping organizations proactively manage wildfire threats with scalable and explainable tools. Explore the new site and book a demo today at For more information about AISIX Solutions Inc. and its climate risk solutions, please visit or follow the Company on X (formerly Twitter) at @AISIXSolutions or on LinkedIn at About AISIX Solutions Inc. AISIX Solutions Inc., is a climate risk and data-analytics solutions provider trusted by organizations seeking a more predictive future. Leveraging the advancements of artificial intelligence, data analytics, and risk assessment, AISIX Solutions Inc. is on a mission to provide auditable, explainable, and defensible assessments to help businesses and communities protect their property, assets, and infrastructure from wildfire-related risks. By empowering organizations with wildfire risk insights, AISIX Solutions Inc. aims to foster resilience and sustainability in the face of climate change. For further information: Mihalis Belantis, Chief Executive Officer +1 (604) 620-1051 [email protected] Forward-Looking Statements Certain information in this news release constitutes forward-looking statements and forward-looking information (collectively, the 'forward-looking statements') within the meaning of Canadian securities laws, and is subject to numerous risks, uncertainties, and assumptions, many of which are beyond the Company's control. This forward-looking information includes, among other things, information with respect to the Company's beliefs, plans, expectations, anticipations, estimates and intentions. The words 'may', 'could', 'should', 'would', 'suspect', 'outlook', 'believe', 'anticipate', 'estimate', 'expect', 'intend', 'plan', 'target' and similar words and expressions are used to identify forward-looking information, including the Company's expected product offerings, the functionalities of the AI Climate Risk Consumer Interface and the Company's expected growth opportunities. The forward-looking information in this news release describes the Company's expectations as of the date of this news release. The results or events anticipated or predicted in such forward-looking information may differ materially from actual results or events. Material factors which could cause actual results or events to differ materially from such forward-looking information include, among others, the Company's ability to engage and retain qualified key personnel, employees and affiliates, the Company's ability to obtain capital and credit on reasonable terms, the Company's ability to compete and the Company's ability protect its intellectual property rights. The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has assumed a certain progression, which may not be realized. It has also been assumed that the material factors referred to in the previous paragraph will not cause such forward-looking information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking statements contained in this news release represent the expectations of the Company as of the date of this news release and, accordingly, are subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time. Media Contact [email protected] Investor Relations [email protected]To view the source version of this press release, please visit
Hospitality Net
13-05-2025
- Business
- Hospitality Net
Six Leading Destinations Join Pioneering Project to Prepare for Rising Climate Risks in Tourism
The Travel Foundation has today announced the first six destinations to trial a new method to identify climate-related risks in tourism, and invited other destinations and businesses to get involved. The Climate RiskScan project is a collaboration with researchers from CELTH, a collective of Dutch universities, and risk and resilience scientists from Risklayer in Germany. As extreme weather events increasingly disrupt travel and cost the global economy billions each year as tourism emissions continue to rise, this project is pioneering new approaches to help destinations and tourism businesses identify, prioritise and respond to growing climate risks. Climate RiskScan will cover: Physical risks, such as damage from extreme weather risks, such as damage from extreme weather Transition risks, such as reputational damage and policy shifts risks, such as reputational damage and policy shifts Systemic risks, such as rising insurance costs The methodology will ultimately be used to generate risk profiles for every tourism destination worldwide. Insights from the six pilot locations, representing both winter and island tourism, will help refine the approach, demonstrate the benefits of integrating climate risk into strategic planning, and showcase best practices already underway. The winter tourism destinations are: Colorado , USA (Colorado Tourism Office) , USA (Colorado Tourism Office) The Dolomites , Italy (Skirama Dolomiti) , Italy (Skirama Dolomiti) Queenstown, New Zealand (Destination Queenstown) The island destinations are: The Canary Islands , Spain (Canary Islands Tourism) , Spain (Canary Islands Tourism) The Cook Islands (Cook Islands Tourism Corporation) (Cook Islands Tourism Corporation) Koh Samui, Thailand (TOGETHER NZT Project, PMUC, TSRI and Marine Biodiversity Research Group, Ramkhamhaeng University) An online tool to access climate risk profiles is being developed in collaboration with UX and AI specialists at Holiday Extras, a long-time supporter of the Travel Foundation. A second tool, featuring scenario planning and gamification, will help destination stakeholders explore policy options and trade-offs for managing climate risks. This project marks an important step forward in helping tourism destinations and companies understand the business case for action on climate. By working directly with destinations that represent key tourism typologies, we are building the tools and insights the sector needs to prepare for the future and mobilise resources for economic resilience. Collaboration with the scientific community and local partners to apply robust methodologies to the destination management context is crucial to this effort. Jeremy Sampson, CEO of the Travel Foundation Harald Buijtendijk, senior researcher at Breda University of Applied Sciences, added: Our goal is to turn climate science into practical guidance that destinations can act upon. Our partnership with the Travel Foundation ensures that this research will have real-world relevance and impact across the tourism sector. Opportunities to get involved With the case study destinations now confirmed, the project team is inviting other destinations and tourism businesses to become sponsors. A £5,000 contribution offers the opportunity to connect with a global network of peers, access leading climate experts and research, and contribute their perspectives to the final report. Click here for more information. The Centre for Expertise Leisure, Tourism and Hospitality (CELTH) has co-funded the project and brought together an expert team from Breda University of Applied Sciences, European Tourism Futures Institute at NHL Stenden University of Applied Sciences, and Wageningen University & Research. Key findings will be released in time for the COP30 climate summit in Brazil this November, with full results published soon after and made freely available on the Travel Foundation website. About CELTH The Centre of Expertise Leisure, Tourism and Hospitality (CELTH) is a knowledge centre set up by Breda University of Applied Sciences, NHL Stenden University of Applied Sciences and HZ University of Applied Sciences. CELTH consists of a team of senior researchers, project managers and programme managers who are deeply involved with the domain of leisure, tourism and hospitality. CELTH aims to encourage public-private partnerships between universities of applied sciences and industry partners. About Breda University of Applied Sciences Breda University of Applied Sciences (BUas) is a Dutch higher education institute. About 7,000 Dutch and international students from some 80 countries are studying at BUas. It is one of the world's largest universities for applied sciences in the fields of tourism, leisure and hospitality. About the European Tourism Futures Institute The European Tourism Futures Institute (ETFI) at NHL Stenden University of Applied Sciences is a leader in futures studies and scenario planning for the travel and tourism sector. Through applied and academic research, they support industry associations, government authorities and businesses with designing strategies, business models and concepts for the future. As a research institute at a university of applied sciences, ETFI provides a crucial link between research, education and industry practices. About Wageningen University & Research Wageningen University & Research, a collaboration between Wageningen University and the Wageningen Research foundation, has 7,044 employees, 13,564 students and 64,117 alumni. It is a globally important centre for life sciences and agricultural research. About Risklayer Risklayer was founded in 2014 by five scientists from the Karlsruhe Institute of Technology, united by a shared mission to advance risk and resilience science. Combining cutting-edge technology with strategic partnerships, Risklayer develops innovative solutions to build resilience and sustainability across the tourism sector. With a focus on reducing vulnerability to disasters and climate change, their work is helping to shape a more secure and sustainable future—starting with tourism, and extending far beyond. About Holiday Extras Holiday Extras has over 40 years' experience of providing ancillary travel services, including airport parking, airport hotels, airport lounges, airport transfers, car hire, holiday insurance and UK breaks. Combining innovative technology with award-winning customer service, Holiday Extras' expert team helps over 8 million travellers every year with their travel needs. About the Travel Foundation The Travel Foundation is a leading global NGO and charity that works in partnership with governments, businesses, and communities to develop and manage tourism in a way that maximizes the benefits for communities and the environment. Founded in 2003, it has worked in over 30 countries around the world. For more information, visit Ben Lyman Head of Communications at the Travel Foundation The Travel Foundation View source
