Climate on demand tool from Moody’s ESG Solutions selected by private infrastructure development group

london –

Moody’s ESG Solutions today announced that Private Infrastructure Development Group (PIDG) has selected the Moody’s Climate On Demand scoring tool to assess climate risk exposure in its investment projects.

PIDG mobilizes private investment in sustainable and inclusive infrastructure in sub-Saharan Africa and South and Southeast Asia. Using data from Moody’s, the group will review potential new investments for exposure to climate risks based on their exact location and assess the physical climate risk exposure of the assets in its existing portfolio. In addition, PIDG investment teams and project sponsors will use the data as the basis for due diligence, climate risk management and risk reduction measures.

“We need to ensure that new infrastructure is resilient to climate change, especially in the most vulnerable countries,” said Marco Serena, head of sustainable development impact at PIDG. “We look forward to working with project sponsors and our portfolio companies to use Moody’s data to better understand the risks of investing over its lifetime and build resilience to the impacts of climate change – not only For them, but also for the communities that use the infrastructure.”

With the help of Moody’s Climate on Demand tool, exposure of plants to physical climate risks such as floods, heat stress, hurricanes and typhoons, sea level rise, water scarcity and wildfires can be shown in advance. It can assess the risk of climate risks for any place in the world by the 2030s-2040s. Users can use it to examine specific risk drivers and explore underlying indicators by recording different risk dimensions for each hazard.

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“Incorporating exposure to physical climate risks into financing and development is critical to ensuring the long-term viability of infrastructure assets and mitigating targeted resilience measures,” said Emily Mazakurti, global head of Moody’s Climate Solutions. “We are delighted that PIDG is using our Climate On Demand tool as part of its efforts to promote investment in climate resilience.”

More information about Moody’s climate solutions can be found at: https://esg.moodys.io/climate-solutions.

About Moody’s ESG Solutions

Moody’s ESG Solutions Group is a division of Moody’s Corporation that meets the growing global demand for ESG and climate data. The group utilizes Moody’s data and expertise in the areas of ESG, climate risk and sustainable finance, and together with Moody’s Investors Service and Moody’s Analytics, provides a comprehensive, integrated solutions suite for ESG and climate risk issues that includes scores, analysis , includes stability ratings. and audit/certification services for ESG-related permanent finance. More information can be found at https://esg.moodys.io/solutions#solutions.

About Private Infrastructure Development Group

Private Infrastructure Development Group (PIDG) is an innovative infrastructure project developer and investor mobilizing private investment in sustainable and inclusive infrastructure in Sub-Saharan Africa and South and Southeast Asia. PIDG’s investments promote socio-economic development, fight poverty and contribute to the Sustainable Development Goals (SDGs) as part of an appropriate transition to net zero emissions. PIDG achieves its goals based on its values ​​- Opportunity, Responsibility, Safety, Integrity and Effectiveness. Since 2002, PIDG has financially supported 171 infrastructure projects, which have given an estimated 217 million people access to new or improved infrastructure. PIDG receives funding from the governments of the United Kingdom, the Netherlands, Switzerland, Australia, Sweden, Germany and the IFC. More information is available at www.pidg.org.

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Quayle: Business Wire

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