BMO's Climate Institute was launched in March 2021 as part of their Climate Ambition. The Institute applies scientific and analytics expertise to better understand risks and opportunities of a changing climate and the transition. To aid this process, BMO partnered with SpatiaFi, a technology partner that leverages big data through Earth observation platforms such as satellite imagery and rigorous scientific models.
By synthesizing large amounts of data and utilizing advanced analytical capabilities, such as artificial intelligence, SpatiaFi is able to provide BMO with an understanding of potential climate risks and opportunities in the future.
BMO is now using SpatiaFi across a variety of use cases to identify potential climate hazards and opportunities that could be relevant to clients and operations. This includes a wide range of possible climate-related issues, such as increased flooding, drought, extreme weather events, or long-term shifts in temperature and precipitation patterns.
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