Footnote
(Note 1) CaMa-Flood: Global river hydrodynamic model
（http://hydro.iis.u-tokyo.ac.jp/~yamadai/cama-flood/）
(Note 2) Institute of Industrial Science, The University of Tokyo Website [Press Release] “Identifying the Major Factors of Error in Flood Hazard Maps That Covers Wide Areas – reducing errors in the volume data of water flowing into rivers is the key to improving the accuracy-“
（https://www.iis.u-tokyo.ac.jp/ja/news/3522/）
Flood Risk Assessment Using Climate Big Data/Supporting Responses for the TCFD Recommendations
Gaia Vision Inc.
Industry: Academic research, professional and technical services.
| Publication date | February 10, 2022 (Posted on June 20, 2022) |
|---|---|
| Sector | Industrial and economic activities, Natural Disasters / Coastal Areas |
Company Overview
Gaia Vision Inc. was established on September 6, 2021 as Japan's first startup company specializing in climate science, with the vision of creating a "world where the Earth and human society exists in harmony" through cutting-edge science and technology. Our operations include flood risk assessment for local governments, physical risk assessment due to climate change, and research and development on climate change impact assessment.
Climate Change Impacts
As climate change progresses, extreme weather events and weather disasters are becoming more frequent around the world, and climate science predicts an increase in various threats such as typhoons, torrential rains, extreme heat, and rising sea levels. From the perspective of risk management, investors and other stakeholders are now requesting financial institutions and companies to conduct climate change impact assessments and disclose related information.
Adaptation Initiatives
With expertise in climatology and hydrology, our team is developing two main services using the world's most advanced flood simulation technology that has high accuracy, coverage and speed, and digital technology that processes climate big data at high speed. The flood simulation technology is the result of a research conducted by the University of Tokyo’s Institute of Industrial Science (Note 1,2).
1. Flood risk assessment of assets and buildings
Using the latest flood simulation technology, we analyze the flood risk and financial impact of our customers' buildings and assets. Flood risks can be analyzed not only within Japan but also across the world (Figure 1). We also support our corporate customers to formulate business continuity plans (BCPs) and manage their supply chain through the analysis of past disasters and possible future disaster scenarios.
2. Physical risk assessment due to climate change (supporting responses to TCFD recommendations)
Using the most advanced flood simulation technology and climate projection data, we conduct scenario analysis for the facilities and assets of our customers. By quantitatively assessing the physical risks and financial impacts of climate change, we support our customers to respond to the TCFD (Task Force on Climate-related Financial Disclosures) recommendations.
3. Research and development on climate change impact assessment
Using our high level of expertise in climate change prediction, we are conducting joint research and development on various scenarios and climate indexes in response to requests from our customers and local governments to help them improve their resilience to the physical risks of climate change.
Effects / Expected Benefits
It is possible to be resilient and adaptive to the complex and challenging climate change by utilizing our services, such as addressing flood risks within and outside of Japan.
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