Wildfires have swept across Europe with unprecedented scale, intensity, and unpredictability in the summer of 2025, fuelling concerns that we are entering a new age of fire: the Pyrocene Era. As the world’s fastest-warming continent, Europe faced its most destructive wildfire season since records began in 2006. As of September 2, over 986,000 hectares have burned across more than 1,923…

Infrastructure Investor published an interview with Rémy Estran-Fraioli, CEO of Scientific Climate Ratings, discussing the need for infrastructure investors and operators to assess climate risk through science-led ratings that prioritise financial materiality over policy targets, moving beyond generalist ESG ratings. Key insights from the interview: The ESG backlash is growing, particularly in the US, as corporates and investors are “tired…

Infrastructure is highly vulnerable to climate risk, as it involves “long-term” fixed-location assets that cannot be easily relocated. Physical risks, such as floods and fires, and transition risks associated with the shift to a low-carbon economy pose significant threats to infrastructure assets, including devaluation, poor investment choices, and exposure to potential regulatory shifts. Research by the EDHEC Infra & Private…

Ethical Marketing News, a leading UK based news resource for marketers, highlighted the launch of Scientific Climate Ratings (SCR), the first agency fully dedicated to quantifying the financial materiality of climate risk. The report featured the agency’s coverage that offers more than 6,000 infrastructure assets that are accessible for free, and its scientific tools leveraging high-resolution geospatial data, proprietary climate…

Responsible Investor published an interview with Rémy Estran-Fraioli, CEO of Scientific Climate Ratings (SCR), highlighting the need for a systematic analysis of financial risks associated with climate change, and how SCR aims to break the mould when it comes to climate risk assessments for investors. In the interview, Rémy Estran-Fraioli outlined why traditional ESG ratings and climate “stress tests” fall…

Can a single rating truly capture the complex financial impact of climate risk across diverse scenarios, time horizons, and asset types? At Scientific Climate Ratings (SCR), an EDHEC Venture, we firmly believe that the variability of climate impact across sectors, geographies, and assets requires a more robust and academically grounded approach. Our objective is to move beyond mere exposure scores…

Climate scenario models often extend far into the future, typically to 2050 or even 2100, well beyond traditional financial planning horizons. As Mark Carney described in his now well-known speech, climate change presents a “tragedy of the horizon,” where short-term financial decision-making fails to account for long-term consequences. Climate risk is, therefore, highly uncertain, with widely varying outcomes. Most models…

From extreme weather to policy disruption, climate risks manifest in two distinct yet financially relevant forms: Physical and Transition. These risks are urgent and material, with significant financial impacts, especially for infrastructure projects with long investment horizons. Exposure to physical risks such as floods and heat stress can result in a significant loss in value for infrastructure assets. According to a…

Climate risks are material financial risks. Yet, for a long time, the financial world has mostly reacted to climate threats as they happened. They also relied heavily on Environmental, Social, and Governance (ESG) reporting to demonstrate compliance and show that they are “following the rules”. However, this checklist approach is increasingly losing both relevance and credibility among investors and issuers,…

Reuters news agency has published an exclusive article introducing Scientific Climate Ratings (SCR), an EDHEC venture, highlighting its distinctive position as the first agency to estimate projected financial losses for thousands of infrastructure assets across multiple climate change scenarios. The article authored by Simon Jessop, Editor of Sustainable Finance at Reuters, addressed the growing need to understand the potential costs…