News and views
The wait is over! It’s time for a new SIERA release. A brand-new feature with you in mind – Physical Climate Risk (PCR). This new feature gives you new functionality and a whole new kind of service.
Created using the fresh SIERA+ style it looks fantastic and is straightforward to use; it’s the future for SIERA so let’s take a closer look.
SIERA can now show you Physical Climate Risk data sourced from Moody’s ESG Solutions (previously Four Twenty Seven).
Physical Climate Risk refers to the physical, climate-related risks which every asset and fund can be exposed to.
For example, it can show how much of a fund is at risk of flooding, earthquakes, and wildfires, amongst other physical risks. This is incredibly important for a range of assets and funds that are spread across differing geographical locations. The increasing impact of climate on our buildings is being felt in a wide variety of locations, and we have designed a tool that will make it easier for you to monitor assets and funds that may be at risk.
When you visit the Hazard Risk page, you can quickly and easily see the risks across your assets in the Hazard Risk chart.
The Hazard Risk comparison chart shows all the risks for the assets you can see in SIERA. The risk exposure can be seen in three clear ways, giving you options in how you want to view and analyse data. These three options are:
And to help you to understand what the colours mean for each risk, there’s a handy little colour-coded table to explain: you just click the View Risk Threshold Table below the graph in the bottom right-hand corner of the page.
The Hazard Risk graph is great for quickly finding where a fund is most at risk, but we don’t stop there. Below the Hazard Risk is an Asset breakdown which shows you the risk on a per asset basis. To see an example of how this looks on the screen see the figure below.
As you can see from the figure you can use the Show country benchmarks tool to compare the asset with its country’s average. You can also choose between an average or highest benchmark for the country.
And, as if that wasn’t enough, we’ve included Google Map view to show you exactly where the assets are located. To see what we mean check out the figure below.
The map view automatically scales to show you all the assets in one view. Then to dive deeper you can click each asset marker to show a small card to see its risk exposure and the asset’s highest risk, giving you a map view of all assets and a snapshot of their risk status.
This is easy to do, to see assets in a fund just use the filters at the top of the page. These give you the option to limit the assets on the whole page to a single fund, or location. See the figure below.
Just like in SIERA+, the location filter shows cities if all the assets a user can see are in the same country, or countries if your assets are in different countries.
To help you get all the information you want when you want it, we’ve added a checkbox to the asset details screen called Allow Climate Risk Report Download.
We have designed a way to show your partial data gaps in SIERA+ for assets.
This is important because whilst SIERA+ is known for showing missing consumption data, it’s been limited to whole months, and we knew that was a problem for you. So, we’ve now added the ability to see gaps smaller than a month and added a clever calculation to only show them if there’s enough for you to worry about. To see what this great new feature looks like see the figure below.
As well as on the Individual meter graph, we also show them at the top of the Data Quality page under the Missing data box, as you can see from the figure below.
We are always keen to hear what you think about our new features, what you think could work better and what you love about them so please leave us feedback!