First Street

🌎 Big news: we're global! Our Enterprise Suite customers can now understand and manage the financial impact of climate risk on every property and portfolio, anywhere in the world.   The same data you trusted in the US now empowers you to optimize returns, identify new opportunities, and protect investments, whether your assets are in Miami, Milan, or Manila. Check out our new global capabilities here: https://xmrrwallet.com/cmx.plnkd.in/e4RYxtF9

FEMA's budgetary future is currently under deliberation, once again making headlines this week. It’s worth considering the impact a weakened FEMA could have on disaster resilience and property values 👉 Without FEMA and its provisions like the National Flood Insurance Program (NFIP), it could mean: 🏘️ Disaster response, flood mapping, and mitigation funding could be disrupted for more than 20,000 vulnerable communities nationwide. 💧 Properties in flood zones (totaling $1.28 trillion in property value) could lose a critical component of their mortgage eligibility, leading to widespread disruptions in credit markets. 🚫 About 235,000 properties, the riskiest 5% of current NFIP policies, could be unable to secure insurance from private insurers, leaving hundreds of thousands of homeowners uninsured. As climate risk becomes increasingly destructive for communities and property alike, the future of groups like FEMA will play a huge role in how we adapt to what’s to come. Read more about the risk of eliminating FEMA here: https://xmrrwallet.com/cmx.plnkd.in/gw6iwbj2

The Gifford fire in California's Los Padres National Forest has burned over 65,000 acres, threatening nearly 500 structures nearby. The blaze is a troubling sign of worsening wildfire conditions in the region. Fueled by increasingly hot, dry conditions and winds, California's fire seasons have become longer and more destructive. Just weeks ago, firefighters achieved full containment on the nearby Madre Fire, which also started along Highway 166 and grew to over 80,000 acres. These fire events are not random but predictable outcomes for areas vulnerable to climate risk. With strong resilience planning and adaptation, these impacts can be significantly reduced. This means smarter approaches to how we manage land, build structures, and set up warnings, all designed to protect people and property. At First Street, we provide data to help organizations and communities understand their climate risk exposure worldwide. Learn more about how we help support adaptation: firststreet.org 

Flooding has devastated northern Beijing this week, as intense rainstorms batter a densely populated region. This devastating event serves as a critical reminder about adaptation in managing climate risk. ▶️ Just two years after Beijing's heaviest rainfall in 140 years, the city is again experiencing extreme downpours. The resulting floods and landslides are not random disasters but predictable outcomes for a region increasingly vulnerable to extreme weather. The potential for loss of life and property damage from climate-related events can be significantly reduced with the right foresight. First Street’s physics-based data can predict the impact of events like this worldwide, allowing property owners and individuals to adapt to these environmental shifts, and build more resilient communities.  Learn how we help understand and address climate risk: firststreet.org

The EPA is trying to formally revoke the foundational scientific determination that greenhouse gases cause harm to public health. If finalized, this move would eliminate the EPA’s legal authority to curb greenhouse gas emissions, thus undoing decades of efforts to limit the climate impact of cars, power plants and other high-emission polluters. ➡️ Why does it matter? Without limits on emissions, we will face accelerating climate extremes. More destructive storms, heat, and flooding will threaten our homes, infrastructure, economy, and cost us human lives. Without regulation in place to help limit these events, our only option is to build up resilience to them. The good news: there are resources out there that can model the exposure risk and financial impacts of these future events. Using a tool like First Street’s Enterprise Suite can help model climate risk and financial impacts, so businesses, governments, and individuals can prepare before disaster strikes. Learn more about how we help others adapt to climate risk: https://xmrrwallet.com/cmx.pfirststreet.org/

It's been a few weeks since we announced First Street's global climate risk modeling capabilities, but we're still celebrating. The response has been incredible. We’ve been hearing from our customers who are already working with climate data from every corner of the world, building stronger, more resilient portfolios across six continents. Every conversation I have reminds me of all that went into this launch. It takes a village to build climate models for the entire globe. The work our data scientists, engineers, and researchers put in to get the modeling right across every geography is remarkable. (Even Doug has been feeling the energy around the office). Proud of what the whole First Street team has accomplished and excited about where we're headed next 🚀 🌏 🌎 🌍 Want to see our global models in action? Comment a location and I will reply with a report.

The wildfires burning in Greece are slowly but surely being managed. How can we prevent future tragedies like these?  👉 First Street’s climate risk modeling can predict wildfire risk down to the building level using physics-based models, even identifying growing risk over time. This predictive data empowers local governments, investors and homeowners to understand their exposure and invest in resilience. Rethinking land use, fuel management, and community planning can further reduce risk in populated areas. Read more about climate risk modeling here: https://xmrrwallet.com/cmx.pfirststreet.org/ 

Wildfires are currently impacting regions of Greece and Turkey, fueled by persistent extreme heat across Southern Europe ➡️ Reports confirm ongoing efforts to control blazes across the region as record-breaking temperatures exacerbate fire conditions, testing emergency services. These events, while devastating, are increasingly consistent with patterns identified in climate projections (https://xmrrwallet.com/cmx.plnkd.in/dyR5RYr8). The resulting damage and potential loss of property and life aren't random occurrences but predictable outcomes for areas vulnerable to evolving climate patterns. With strong resilience planning, these impacts can be significantly reduced. This means smarter approaches to how we manage land, build structures, and set up warnings, all designed to protect people and property. At First Street, our research helps organizations and individuals understand their climate risk exposure worldwide. We aim to support others in adapting to these predictable environmental shifts. Learn more about how we help understand and address climate risk: https://xmrrwallet.com/cmx.pfirststreet.org/

Join First Street and help shape the future of climate resilience! We're looking for passionate individuals to join our growing team. As the industry standard for Climate Risk Financial Modeling, and with our recent global product launch, we're defining a new era. We're currently #hiring for two key roles: ➡️Client Success Manager (https://xmrrwallet.com/cmx.plnkd.in/eCYgZRSX): You'll shape processes, collaborate with brilliant teams, and define how we support our global customer base as we scale. ➡️Account Executive (https://xmrrwallet.com/cmx.plnkd.in/gTqUU-2U): You’ll develop the strategy for bringing innovative climate risk solutions to major lenders, investors, and asset managers. If you're driven by solving significant challenges and want to contribute to a team making a real impact, we want to hear from you! You can learn more about the team here: https://xmrrwallet.com/cmx.plnkd.in/eEkHFThB

🔎 NEW: We teamed up with CNN to pinpoint overlooked areas with high flash flood vulnerability in the United States. Flooding remains one of the most dangerous natural disasters, and understanding where it could strike next is critical. With flood risk on the rise, we’re here to identify the regions where rising waters pose the greatest threat to communities and properties alike. Some of the regions identified as highly vulnerable include: ➡️ The coastal watershed in Santa Barbara, California  ➡️ The Chattahoochee River headwaters near Helen, Georgia ➡️ Nogales Wash, Arizona, near the US-Mexico border ... and many more nationwide. Unaddressed flood risk has a massive impact, directly damaging homes and businesses while affecting insurance costs and property values across the country. Our data highlights these financial consequences and identifies ways we can invest in stronger, more resilient communities. See the full article and interactive map to understand the risks in your area: https://xmrrwallet.com/cmx.plnkd.in/eC9ctzjA