Faros helps your organization identify emerging climate threats as they become more common and disruptive and position your assets to protect operational continuity, hedge against rising insurance costs, meet regulatory disclosure requirements, and incorporate climate risk into asset acquisition and disposal.
Andrew Alesbury, a Telesto Managing Director, and Doyoung Lim, a Telesto Senior Consultant, who co-developed Faros, share how Telesto’s climate risk assessment tool helps your organization understand its exposure to climate hazards and plan to protect assets and meet disclosure requirements.
What Makes Faros Unique?
End-to-end risk management
Faros offers a comprehensive solution that allows for your organization to fulfill regulatory disclosure requirements and integrate climate risk into strategy, acquisitions and divestments, and risk processes.
Disclosure-ready outputs
Faros produces report-ready outputs to upgrade mandatory and voluntary public reporting and disclosures in line with key regulatory frameworks, like TCFD.
Financial value at risk
Thanks to its probabilistic forecasting capabilities, Faros is able to model financial value at risk from climate hazards and calculate expected losses if certain hazards materialize.
Probabilistic modeling
Faros enables more robust and calculated decision making thanks to the use of probability-driven, quantitative analysis which models the likelihood of specific climate hazards occurring.