Data to decisions: How technology can solve a $1.2 trillion climate change problem
Businesses can use climate data alongside industry-specific data to inform short-term actions and long-term projects to mitigate against climate risks.
ClimateAi is an artificial intelligence (AI)-based climate adaptation platform that helps companies and governments reduce the vulnerability of their food, agriculture and water supply chains to climate change. Incubated at Stanford University, the company uses novel AI approaches to predict the operational and strategic risks of extreme weather and their impact on supply chains, helping companies answer enterprise risk management questions and governments to answer food and water security questions. ClimateAi has raised $40 million and worked with Dole, Driscolls, Oatly, Constellation Brands, Rabobank and others. It has pioneered the business case for adaptation with a mission to improve lives and livelihoods.
Businesses can use climate data alongside industry-specific data to inform short-term actions and long-term projects to mitigate against climate risks.
Supply chain climate action plans could create coalitions of cross-sector players to identify climate risks and work towards adaptation solutions protecting global networks.