Beehive Climate

ESG execs have always spoken the language of risk. Risk of a company falling out of compliance with global regulations. Risk of losing an enterprise deal because of a weak sustainability commitment. Risk of employee churn due to poor working conditions. Risk isn't new. That's why I think ESG execs have taken to climate risk so well. It's about measuring the financial impact of climate disasters (hurricanes, heat waves, drought) on a company's bottom line. It's environmentally related, so it gets tossed on their plate. But its material to the entire company in ways everyone can understand. We all know what a hurricane is. We all appreciate that sales go down if customers are dealing with flooded homes. That's real risk. I'm very, very excited about what we're building at Beehive Climate. If you're thinking about enterprise climate risk for the first time, call me. If you've been doing climate risk for years but want something beyond consulting powerpoints, call me. We've got to talk. #tcfd #climaterisk #esg

One of the hardest, most expensive parts of TCFD reporting is climate scenario analysis. Basically, a company is expected to understand the impact of different disasters (wildfire, floods, etc) across time horizons (short term, mid term) and climate scenarios (global warming is really bad, we've solved climate change, business as usual.) Where do you even go to find that information? How insane is it to spend your time (or your money on a consultant) to read through dozens of IPCC reports to get some answers? Would an investor really take a "best guess" or a ChatGPT response as an auditable, verifiable, strategy? So Beehive Climate handles that all for our clients. You can see the impact of multiple disasters across time horizons and climate scenarios (called SSPs) all in one dashboard. Check out the video to see how we did it. More demo videos coming soon! #climaterisk #tcfd #climatechange #esg

The US suffered the highest economic impact (almost $1T) from climate disasters since 2014. That means your stock portfolio is lower than it could be. Energy cost more than it should (and we had more blackouts.) More people died. Companies paid more for insurance. Homes were more expensive because they had to be rebuilt. Beehive Climate doesn't solve all these problems for companies all at once. But we definitely give you a look into where your company faces the highest financial risk and shows you what your peers are doing about it. From Axios. #cop29 #climaterisk #tcfd

Hot take: Consultants are awesome. I know that's not the standard line from the founder of a software company, especially one that goes head to head against consultants in deals. But it's true. Consultants are so good at: - Building confidence - Presenting to the board - Doing trainings - Responding to risk - Developing strategy I just don't think they're as good at modeling at scale and real-time risk notifications. I wrote about that in a blogpost for Beehive Climate, link in comments. Take a read if you're thinking about consulting vs software for your climate risk work. #tcfd #consulting #climaterisk #esg

Boy, I wish I remember where I found this pie chart, but it makes the case for Beehive Climate pretty compelling. I promise I didn't make it myself, it was from some fancy consulting report somewhere! #tcfd #climaterisk #esg

[wonky post coming] There's a trend in climate risk of moving away from consultants and towards in-house efforts. Consultants are an amazing way to get started. They'll tell you what you need to do, do a lot of the work for you, and give you your report. And if you hire a big four firm, your board and executives won't second guess you. But their approach is about a point-in-time review of risk. And climate just doesn't fit that box. Weather disasters happen every day around the world ($1B disasters every ~13 days in the USA) and a point-in-time review just doesn't make sense. That's like doing an annual assessment of how many times you got hacked last year, instead of spending every day protecting against hackers (and then reporting on your work, if you have to.) There's a movement away from consultants to bring climate into a enterprise risk management strategy. It's not easy. You've got to be knowledgeable enough on all aspects of climate risk - model formation & audibility, insurance, reporting, adaptation, emergency evacuations. So it's hard and it takes time. Software is making this easier. And while there is still a lot to develop, software is often a cheaper, faster way to solve short term regulatory challenges than consultants. I wrote about this in a recent blogpost for Beehive Climate. #climaterisk #tcfd #esg #csrd https://lnkd.in/e8qa8HA2

Enterprise Climate Risk Management is in a big way about keeping your employees safe. With almost 250 people killed by Hurricanes Helene and Milton, and almost $200b in economic loss, it is in a company's best interest to do more to keep their employees safe. We wrote about 5 actions companies can take to protect employees in this week's Beehive Climate blog. 1. Disaster alerts 2. Home insurance evaluation 3. Company-sponsored evacuation policy 4. Power & internet backup generators 5. Emergency preparedness kits & trainings Which do you implement today? Which do you think will give your employees the most safety and value? #climaterisk #esg #employees https://lnkd.in/e4UnmyTW

🌍 As climate risks escalate, tech companies are increasingly in the spotlight to enhance their disclosures and align with frameworks like the TCFD. In a recent blog post, we explore why TCFD compliance is crucial for the tech sector, highlighting how climate risks can directly impact operations and bottom lines. Key points: 🌱 Data Center Disruptions: Tech companies rely heavily on data centers. Extreme weather events can force brown outs or black outs, and global warming can cause energy costs to go way up, impacting revenue and profits. 📊 Investor Pressure: Tech investors are increasingly demanding more transparency around climate risks. TCFD-aligned disclosures build trust and ensure access to capital. ⚖️ Regulatory Changes: Governments worldwide are tightening climate regulations. California's SB 219 even has a fine for companies who don't publish a TCFD report by January 2026. Learn more about how tech can lead the way on climate risk management 👇 https://lnkd.in/eg2R9Eyx

🚨 Big News in Climate Reporting! 🚨 On September 27, 2024, California Governor Gavin Newsom signed SB 219 into law. Starting in January 2026, companies with over $500M in revenue that do business in California will be required to disclose their climate risks by filing TCFD reports. 🌎📊 This is a major step forward in climate transparency, and it means that businesses need to start preparing now to meet these new regulations. Here’s what you need to know: 💡 What does SB 219 mean for your company? - All companies with $500M+ in revenue must assess and disclose climate-related financial risks using the TCFD framework. - You’ll need to report on the impacts of climate change on your operations, supply chain, and long-term financial outlook. - Failure to comply could lead to regulatory scrutiny, a $50,000 fine, and reputational risk in an increasingly climate-conscious marketplace. 💡 How can you start preparing today? - Assess your current climate risk exposure: Start gathering data on risks like heat waves, wildfires, floods, and more. - Hire someone: Reach out to a consultant or use platform like Beehive (if you're in tech or services) to start working through your climate risk strategy - Work on governance: A key part of this reporting is ensuring you have the right executives and board members engaged. You can start that process now. Reach out if you're not sure where to start! #TCFD #ClimateRisk #Sustainability #ESG #ClimateAction

Welcome to Beehive's LinkedIn page! We'll be posting about Enterprise Climate Risk Management (ECRM). That includes: - Updates on relevant climate risk regulation - Case studies of companies doing good ECRM work - Product updates - Job updates Follow along if you care about climate risk and it's impacts on our companies, economies, jobs, and lives. #climaterisk #startup