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Teranet Inc. Partners With Morningstar Sustainalytics to Offer Climate Risk Intelligence Solutions to Customers

Teranet Inc. Partners With Morningstar Sustainalytics to Offer Climate Risk Intelligence Solutions to Customers

Teranet Inc., Canada’s leader in the delivery and transformation of statutory registry services, platform modernization and business intelligence solutions, announced today that it has partnered with Morningstar Sustainalytics, a leading global provider of ESG research, ratings, and data.

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Morningstar Sustainalytics recently acquired Aquantix, a Montreal-based technology company that develops and delivers property-level climate risk data services for the real estate and mortgage lending industries. Leveraging Aquantix’s technology and modelling capabilities and its physical climate risk expertise will enable Morningstar Sustainalytics to help real estate investors, banks, and lenders assess climate-related risks in the global real estate space.

Enhancing Teranet’s data management and insight capabilities with Morningstar Sustainalytics property-level climate risk data will positively contribute to the monitoring and assessment of climate-related risks.  Teranet is extremely excited about its partnership with Morningstar Sustainalytics as it addresses climate risks that have emerged in varying severity and frequency across Canada. The availability of climate data offers new business intelligence products that leverage Teranet’s core competency in reliable land and property data and Morningstar Sustainalytics’ climate risk products.

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“Combining Morningstar Sustainalytics’ advanced climate science models with Teranet’s expertise in real estate and property insights creates a new model to monitor and assess risks across multiple jurisdictions”, says Tim Rye, SVP, Financial Solutions at Teranet. “This synergistic partnership will enable our organizations to deliver climate-related solutions to a broad range of customers across Canada and will positively contribute to our overall organizational ESG goals.”

“We are excited to partner with Teranet to align our climate risk solutions with their suite of asset valuation products,” says Steven Fortier, Director of Software Development for Real Estate Solutions at Morningstar Sustainalytics. “This partnership brings together crucial information about past and present climate events at a property level and further quantifies the estimated asset damage from emerging climate events across a variety of time frames and climate scenarios.”

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