Channel Islands Climate Data: A Twinn Skipton Partnership
![[object Object] [object Object]](https://www.royalhaskoningdhv.com/-/media/images/employees-profile-pics/c/carling-rob.jpg?h=500&iar=0&w=500&hash=A70A6882C57C8B22BE7C7B5DBC29F212)
RobCarling
In 2022, Twinn (formerly known under the Ambiental brand) partnered with award-winning offshore bank Skipton International to support its work on climate change – with a particular emphasis on flooding risk in the Channel Islands.
Creating a climate change model for every Channel Islands property
Skipton and Twinn leveraged the results of a unique aerial survey of the area to create a model that shows the impact of flooding due to climate change for each Channel Islands property.By using our flood data – along with subsidence and coastal erosion data supplied by property company Rightmove – Skipton has taken steps to ensure it meets future regulatory compliance requirements. And by developing its understanding of how climate change will impact the Channel Islands, it has the data to guide decision-making, both now and in the future.
Climate risk exposure data to guide decision-making, now and in the future
From Skipton’s perspective, the partnership has provided crucial insight to inform future risk assessment and guide lending and investment decisions within the islands.
“We’ve made big strides over the last few years in our sustainability and ESG activities, particularly in how we prepare for and respond to climate change,” said Simon White, Credit Risk Manager at Skipton International. “We were the first Channel Island business to sign up to the United Nations Environmental Programme Finance Initiative, so investing in this climate change data was a natural progression.”
A major outcome of the partnership is an in-depth analysis of Skipton’s mortgage portfolio, which is – according to Simon – invaluable:
Twinn climate risk data helps us understand and manage the physical and transitional risks to Channel Island properties.”
Twinn: further developing our understanding of how climate change will impact the Channel Islands
We specialise in helping organisations from sectors spanning finance, insurance, maritime, logistics, energy and industry understand the hazards and risks associated with climate change. Our partnership with Skipton has given them access to this climate risk intelligence while giving us the opportunity to further develop our understanding of how climate change has the potential to impact the Channel Islands.Rob Carling, Channel Sales Manager at Twinn, said: “We are delighted to work with Skipton to develop the climate flood models for the Channel Islands which – like other parts of the UK – will be impacted by climate change.”
A recent report from the Jersey Government stated that 400 homes and businesses are at risk of a major flooding incident. “However, this is forecast to rise to 3,000 properties in the future unless something is done,” emphasised Rob.
Visualise risk and identify climate hazards before they cause issues
Twinn Climate Risk Analytics provides climate risk intelligence encompassing 19 hazards – including drought, wildfires, earthquakes, wind and volcanoes as well as floods.Our climate risk intelligence platform gives you risk scores for any location based on those hazards. As a result, you can build your understanding of how to protect your assets, operations and supply chains to become climate resilient. And by predicting and preventing disruption, you have the power to drive sustainable growth.