From hurricanes to wildfires to other extreme weather events, physical climate risk isn’t new. But the way we measure it is. Improvements in data over the past few years have allowed us to better understand why climate risk is an investment risk.

On this episode of The Bid and our mini-series, "Sustainability. Our new standard," Trevor Houser, Partner at Rhodium Group, and Mary-Catherine Lader, BlackRock’s Head of Aladdin Sustainability, talk about advances in climate data and what these advancements mean for company behavior and investor portfolios in the future.

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