XDI Unveils World’s First Climate Change Asset Risk Analysis of Growing Hurricane Scope on Highly Vulnerable Buildings

NEW YORK, September 23, 2022 /PRNewswire/ — XDI today unveiled a world-first capability to identify properties that are structurally unable to withstand hurricanes and cyclones, and whose location – due to climate change – places them increasingly at risk.

Banks, asset owners, and investors on the U.S. East Coast can now access XDI’s physical climate change risk analysis of hurricane northward movement on buildings, taking into account the structural vulnerability of properties not built to withstand extreme winds.

Development is of particular importance for parts of the east coast of United Stateswhere climate change is altering the patterns of hurricanes and cyclones, but where few properties have been built with this in mind.

Florida and Texas have a history of cyclones and hurricanes and have taken this into account in the building standards. But most of the east coast did not. Hurricane Sandy showed us the devastating impact of storms hitting places not designed to deal with them. For the first time, we can offer a service that allows the real estate industry to accurately understand the physical risk to their properties and take action accordingly,” says Rohan HamdenCEO of XDI.

The new capability is based on the latest ocean warming modeling from the CMIP6 generation of climate model comparisons and uses massive datasets of historic hurricanes and cyclones around the world that have occurred over the past 100 years. to create new high-risk wind fields. The XDI capability is unique in its ability to take into account the design and construction of specific buildings to create a detailed picture of risks across millions of properties.

“Until now, no one has been able to account for the structural integrity of individual buildings in this way. Yet it is perhaps the single most important predictor of loss and damage. The real problem is that our property design codes in places like the UNITED STATES, Mexico, Australia and even parts of Latin America are not keeping pace with changes in cyclone range, putting people and homes at high risk,” Hamden says.

“This new capability demonstrates the increased risk associated with mortgages, commercial properties and infrastructure in new storm-prone areas that buildings are not designed for,” he added.

Warming ocean temperatures resulting from climate change may become a significant factor in increasing the range of hurricanes. Hurricanes reaching communities without proper building and planning standards will be far more costly in terms of damage and death unless steps are taken to make coastal and inland areas more resilient. Hurricane Sandy claimed 44 lives and it is estimated $60 billion of economic harm. Over 69,000 residential units were damaged.

The new XDI service will primarily be available to banks and investment firms in the UNITED STATES and can be accessed directly from XDI via or trained consultants.

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About XDI

The Cross Dependency Initiative (XDI) is a global leader in physical climate risk analytics, providing data for corporate and investor TFCD reporting, due diligence and risk management. XDI has created a holistic view of climate impacts that considers all physical risks. Its independent data is designed to enable businesses, governments and financial markets to manage revenue impacts and identify opportunities for adaptation.

SOURCE XDI – The Cross Dependency Initiative

Michael J. Birnbaum