cheers @laoshi

Although this is only part of AER's business plans it does seem that a free product from CBA and CSIRO is going to steal a significant part of their potential SME market depending on how good it is. The fact that it is funded by CBA and collaborating with Microsoft and Telstra suggests it will be adequate for most disclosure needs. Only financial sector to start so AER have a window to capture market.

From the last quarterly: Aeeris’ Climate Risk Disclosure Platform (CRDP) is now available at http://www.climateriskdisclosure.com.au/. The defining difference for Aeeris’ CRDP is the use of historical geospatial data that is uniquely mapped and analysed by the Company to obtain an accurate physical risk score for any location within Australia.

The historical data includes categorical event data going back to the 1900’s for some hazards. This is then combined with Aeeris’ own 12 years of spatial operational data to produce a reliable estimate of event recurrence probabilities. It is advantageous to use historical data over 'black-box' model outputs, such as used by some of Aeeris’ competitors, as it can provide real quantification of recurrence probability over the short term (1-20 years); making it more meaningful for the user in adaption and mitigation options.

In response to this data availability and a gap in the industry, Aeeris has developed a first generation interactive commercial platform that can output the event recurrence probability based on asset location and the number of extreme weather events. These results can be viewed interactively or exported with other climate based information pertaining to a client’s assets. In turn, this data can be used for public disclosures, as recommended by the Task Force on Climate-Related Financial Discolsures (TCFD), which states that “Financial markets need clear, comprehensive, high-quality information on the impacts of climate change.”

https://www.csiro.au/en/about/challenges-missions/climate-mission

The Climate Intelligence Platform

• We are collaborating with Microsoft, Telstra and Australian SMEs to build a climate risk platform that will support the creation of a climate intelligence marketplace.
• Businesses will be able to access resources to conduct end to end climate risk and vulnerability assessments.
• The platform is initially focused on the financial services sector and will built out over time to deliver economy-wide impact.
• The Development Sandbox will provide a development environment for innovation, and the CRE Solution Factory will incubate and accelerate climate solutions

https://www.commbank.com.au/articles/newsroom/2021/10/CSIRO-CBA-partnership.html

CBA will provide funding for the research as well as anonymised data and information from across a broad range of industries that are being impacted or are likely to be increasingly affected by climate change, such as manufacturing, infrastructure, and agriculture.

CSIRO will utilise the data to develop sectoral analysis and different scenarios. CBA will then overlay economic and financial insights to underscore the varying impacts on the Australian economy.

The insights from the project will be publicly available. 

“CSIRO’s unique climate intelligence, supercharged by Australia’s largest data and AI network, and quantitative analytic capabilities can help financial institutions like Commonwealth Bank navigate an uncertain future,” Dr Marshall said.