Mitiga Solutions has signed an agreement to join Forética, Spain's leading organisation in sustainability and corporate social responsibility, with the aim of helping its members understand their exposure to climate risk and comply with new European legislation.

Mitiga Solutions combines cutting-edge climate science, AI and high-performance computing to help its clients understand their exposure to climate risk. Over the last 50 years, losses caused by climate change have increased fivefold, totalling €220 billion in 2022 in damage caused by floods, droughts, fires and extreme temperatures, according to ourworldindata.org. Regulations are increasingly urging companies in the European Union and the United States to publish information on how climate change affects their assets.

Mitiga Solutions develops EarthScan™, a SaaS climate risk management platform to predict and calculate the impact of extreme temperature, fire and precipitation disasters. EarthScan offers an on-demand solution that allows customers in sectors such as finance, insurance, real estate, industry and retail to comply with European CSRD/SFRD legislation in just a few clicks and make more profitable and sustainable investment decisions.

Alejandro Martí, CEO and co-founder of Mitiga Solutions, comments: ‘Climate change is the great challenge facing society now and in the coming decades, also because of the large-scale economic repercussions it causes. That is why we are happy to collaborate with Forética to help more companies understand how climate change affects them and comply with the new European regulations, as well as incorporate it into their sustainability and impact agendas.’