Jupiter in the news
Media Coverage
Past no longer guide to the future on weather-related construction risks
A panel at Commercial Risk’s Construction Risk Management Europe conference highlighted how climate change is impacting construction risk management, noting how historical data is a poor indicator of future trends. Stuart Large, business development director at Jupiter, said that historical data might show a trend for higher weather-related losses over the last 20 or 30 years. But he added that given the pace of losses from most perils is accelerating, models are a much better indicator for future trends.
Fannie Mae climate-risk analytics provider revealed
Fannie Mae revealed it has been working with a set of climate risk analytics from Jupiter Intelligence to assess its portfolio of over 17 million single- and multifamily assets to quantify the extent to which its holdings are exposed to potential damage from natural disasters.
Investors Rain Funding Down On Climate Prediction Startups
Jupiter Intelligence, a climate analytics platform, works with companies in the real estate industry to help them to plan for weather-related issues to homes or housing insurance plans. It can also provide those in the banking sector with insights on how climate change may impact portfolio assets.
New study identifies climate-related mortgage slump
Research shows major lenders are not adapting to reflect the growing risk of a climate-related mortgage slump. The analysis from Bain & Company and Jupiter Intelligence involved 50 of the largest banks from across the world which adhere to the Financial Stability Board’s TCFD.
Biden’s push to disclose climate risks hits wall of industry resistance
Biden’s push to disclose climate risks hits wall of industry resistance. Big business is bucking President Biden’s efforts to use SEC rules and the purchasing power of the U.S. government to reveal and reduce climate emissions.
How climate change could hit your mortgage
Banks are preparing to model the impact of climate change on their mortgage books at the level of individual blocks rather than postcodes. Bain and Jupiter are working together to model the risk of climate perils for financial institutions at a level of every 90 square meters.
Mortgage giant Fannie Mae tackles climate risk, but changes to underwriting may take several years
CNBC coverage of how Jupiter is working with Fannie Mae to figure out just how to factor climate risk into home values and mortgage underwriting and its implications for the nation’s nearly $12 trillion mortgage market.
Press Releases
Jupiter Announces $54 Million in New Funding
The Series C Financing is co-led by Clearvision Ventures and MPower Partners. Jupiter now provides analytics to 30 companies in the Global 2000, U.S. Department of Defense and FEMA to understand the impact of climate change on their physical infrastructure and supply chains, risks to financial portfolios, and vulnerabilities to human health and safety, and to protect over ten billion dollars of physical assets and more than a trillion dollars of financial assets.
Jupiter to Partner with San Jose State University to Accelerate Wildfire Research
Jupiter will join insurance and utility industry leaders along with the Lawrence Livermore National Laboratory and others in a program at San Jose State University’s Wildfire Interdisciplinary Research Center (WIRC).
Jupiter Announces Strategic Investment from ESG-Focused MPower Partners
Jupiter announced a major expansion of its work in Japan—adding an industry leading Japan-based venture investor MPower Partners. MPower is Japan’s first ESG-focused global venture capital firm and the first female-led VC firm in Japan.
Acclaimed Researcher in Extreme Weather and Climate Dr. Adam Sobel Joins Jupiter Board of Advisors
The Columbia Professor of Earth and Environmental Sciences, Applied Physics, and Applied Mathematics, author, and podcast host further strengthens Jupiter’s unmatched scientific expertise. “We are excited that Adam will bring his knowledge and enthusiasm to continue our efforts at providing the economy with the best science possible,” said Josh Hacker, Jupiter’s Chief Scientist and Co-founder.
Pioneering Construction and Engineering Lawyer Josh Leavitt Joins Jupiter Board of Advisors
Leavitt is a legal pioneer on emerging standards of care in the construction and engineering design resiliency of structures that are threatened by extreme weather from climate change as well as the legal ramifications of failing to adapt to climate change.
Sumitomo Mitsui Banking Corporation (SMBC) enhances its climate change scenario analysis on physical risks with Jupiter technology
In collaboration with MS&AD InterRisk Research & Consulting, the goal of the enhancement is to resolve the lack of scientific data and completeness in terms of subject regions, and other issues regarding climate change scenario analysis.
Guidehouse and Jupiter Intelligence Announce Strategic Alliance to Help Utilities Quantify Climate Risk and Build Resilience
The alliance combines Guidehouse’s utility industry expertise with Jupiter’s global-scale analytics platform to provide clients with a comprehensive and transparent climate change risk assessment as a key part of an advanced integrated planning strategy.
Jupiter Accelerates U.S. Federal Government Initiatives
As the Biden-Harris administration renews its commitment to addressing climate change, Jupiter also announced its support for greater federal coordination of climate information services, emphasizing the need for better governance and the formation of a new Federal Climate Service (FCS). Jupiter’s public sector work has accelerated under the new administration, with risk planning and resilience projects underway or complete with the U.S. Department of Defense, U.S. Department of Housing and Urban Development, and multiple other entities within the Executive Branch as well as grant funded work with the National Science Foundation and NASA.
Jupiter Celebrates a Year of Company Milestones and Anticipates Significant Market Demand and New Engagements Under Biden Administration
Despite the impact of the global pandemic, Jupiter added several new marquee customers in the past year and looks forward to the Biden Administration’s investments and policies in science, greenhouse gas reduction, and resilience.