Skipton International, partnered with Ambiental Risk Analytics (Ambiental), has commissioned a unique aerial survey for the Channel Islands this summer, showing the impact of flooding for individual properties due to climate change.
Ambiental’s climate flood data along with subsidence and coastal erosion data will be supplied to Skipton to ensure it meets future regulatory compliance requirements.
This specially commissioned aerial survey from Bluesky International, using Light Detection and Ranging (LiDAR) technology, is the most up to date and in-depth report for the islands in many years.
Simon White, credit risk manager at Skipton International, said: “We’ve made big strides over the last few years in our sustainability and ESG activities, particularly in how we prepare for and respond to climate change.
“We were the first Channel Island business to sign up to the United Nations Environmental Programme Finance Initiative, so investing in this climate change data was a natural progression.
“This in-depth analysis of our mortgage portfolio is invaluable to help understand and manage the physical and transitional risks it presents to Channel Island properties.
“We are aware that this data will be beneficial to many other Channel Island businesses and will be pleased to share with them if they wish to contact us.”
Rob Carling, channel sales manager at Ambiental added: “We are delighted to work with Skipton to develop the climate flood models for the Channel Islands.
“Like other parts of the UK the islands will be impacted by climate change, and a recent report from the Jersey Government states that 400 homes and businesses at risk of a major flooding incident.
“This is forecasted to rise to 3,000 properties in the future unless something is done.”
